Tesla Shuffling Board Of Directors Amid Negotiations
Tesla on Friday announced four members of its board of directors will leave their posts once their terms have ended.
And in 2020, Steve Jurvetson's tenure will officially end.
A fourth independent director, Antonio Gracias would also bow out in 2020 if Tesla stockholders approve a proposal to reduce director terms from three years to two.
The shuffle on the board of directors comes as CEO Elon Musk and the Securities and Exchange Commission negotiate terms governing Musk's activity on Twitter, a matter on which the chief executive and federal regulators have locked horns in recent months.