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Tesla's Musk tells disgruntled shareholders: Buy Ford
By Alexandria Sage and Nick Carey SAN FRANCISCO/DETROIT (Reuters) - A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to Chief Executive Elon Musk, to "provide a critical check on possible dysfunctional group dynamics." A defiant Musk took to Twitter on Wednesday afternoon to suggest the investors buy stock in Ford Motor Co instead. The Ford family controls the Detroit automaker through two classes of stock. In a letter dated Monday, five investment groups including the California State Teachers Retirement System, Hermes Equity Ownership Services and CtW Investment Group urged Tesla to have all of its directors re-elected annually.
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