Tag Archives: Tesla

Tesla’s Governance Challenges: Navigating the Complex Intersection of Relationships and Fiduciary Duties

Amelia White – On January 30, 2024, a Delaware judge struck down Elon Musk’s compensation package of $56 billion, criticizing the close relationships between Tesla’s board of directors and Musk’s influence over them. Boards must be largely independent to be publicly traded on Nasdaq. Nasdaq defines an independent director as someone “who is not an […]

Are Cryptocurrencies Currency? Why The Answer Matters For Corporate Tax Purposes

Lauren Assayag – This July, Tesla announced it will likely accept Bitcoin as payment again. If you purchase a Tesla using a cryptocurrency, like Bitcoin, would Tesla recognize the receipt of an asset and record ordinary business income?  How would you account for your purchase of the Tesla in exchange for Bitcoin?  Would different tax and […]