Elon Musk has survived a shareholder vote to strip him of Tesla's chairmanshipand replace him with an independent director, a plan that was backed by Norway's sovereign wealth fund, the world's largest, among other Tesla shareholders. The proposal, which was defeated in a vote at yesterday's shareholder meeting, represented the strongest challenge yet to Musk's power over the Silicon Valley car manufacturer.
Elon Musk Survives Shareholder Vote As He Plots Escape From Model 3 "Production Hell"
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