Elon Gone as Tesla Chairman; Is the Sideshow Finally Over?

CEO Makes Bold "Double Down" Prediction -------------------------------------------------------------------------------------------------------------- Helping the world invest better. CEO Makes Bold "Double Down" Prediction I've stumbled upon an under-the-radar stock I believe could be one of the greatest discoveries of my 25 years as a professional investor. [Find Out Today]( Elon Gone as Tesla Chairman; Is the Sideshow Finally Over? If you're a Tesla shareholder, you're probably sick of the ride by now. This year the stock has been down 20%, up 20%, and now down again slightly... underperforming the market by about 12 percentage points. The motion sickness has not been helped one bit by the various antics of Chairman and CEO Elon Musk. The fork in the road came last week when the SEC sued Musk for "false and misleading statements" after his Aug. 7 tweet that he was thinking about taking the company private, and that his funding was "secured." The suit was settled (quite quickly!) on Saturday, with Musk agreeing to step down as chairman of the company and pay a $20 million fine. Tesla will also pay a $20 million fine, and Musk will retain his CEO title. This seems to me a positive outcome for shareholders. Musk will receive more oversight from a new (and presumably independent) chairperson, and he can continue with his vision to change the way the world drives. And on that point, there was some good news yesterday as the Tesla announced it met its Model 3 production goals for the quarter, though it's still having some trouble actually delivering all the cars it wants to at this point. Tesla's production and delivery struggles really emphasize just how tough it is to build a car company from scratch (as well as how good Detroit is after several decades of experience). Hopefully the new corporate structure will allow Musk to devote even more focus on getting these things right – bringing shareholders along for a bit smoother ride into the self-driving era. Urgent! --------------------------------------------------------------- 4 Times in 16 Years: Rare Stock Alert Released There's a practically unknown (yet publicly traded) company I think is following so closely in Amazon's footsteps that it has seriously caught the attention of David Gardner -- a legendary investor who actually did buy Amazon back in 1997 and racked up over 40,000% gains in the process. [Learn More]( Motley Fool issues "Next Internet" Buy Alert Some technologies are so powerful, revolutionary, and transformative that they reshape the face of virtually every industry. Now if you're an investor, you need to know that a new tech revolution that Forbes says will "change the economics of every industry" is already emerging and our experts think there is still potential for small investors like you and me to capture life-changing returns. [Learn more]( [Terms]( | [Privacy]( | [Unsubscribe]( We work fervently, feverishly, and Foolishly to make sure all the facts and figures we publish in our emails are 100% accurate and up to date. Copyright © 1995-2018, All rights reserved. This is a promotional message from The Motley Fool Our mailing address is: 2000 Duke St. | Alexandria, VA 22314 Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](. The ads appearing on this email are delivered to you by our advertising partners. Information about your visits to Fool.com and our partner sites, such as the number of times you have viewed an ad (but not your name, address, or other personal information), is used to serve ads to you. For more information about fool.com display ads, [click here](. For more information about email ads delivered by Live Intent, and how to opt-out of their tracking methods, please [click here](. Per FDIC national average savings account interest rate. What does best mean to us for credit cards? [Click here]( for a review of the criteria The Motley Fool considers in making our picks for the best credit cards.