By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Future AutomobileThe Future AutomobileThe Future Automobile
  • Home
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • Scooters
  • E-Bikes
  • Review Videos
Reading: Despite Elon Musk’s public commitment to sustainability, critics argue he is more concerned with lining his own pockets than protecting the environment.
Share
Notification Show More
The Future AutomobileThe Future Automobile
  • Home
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • Scooters
  • E-Bikes
  • Review Videos
Follow US
© 2024 All rights reserved | Powered by The Future Automobile
The Future Automobile > Electric Cars > Despite Elon Musk’s public commitment to sustainability, critics argue he is more concerned with lining his own pockets than protecting the environment.
Electric Cars

Despite Elon Musk’s public commitment to sustainability, critics argue he is more concerned with lining his own pockets than protecting the environment.

6 days ago 5 Min Read
Share
Elon Musk fires back on excluding Tesla from California’s new EV incentive he wants to kill
SHARE

Despite appointing a board member without automotive experience, Tesla’s primary concern lies in promoting shares rather than shaping the company’s future, allowing CEO Elon Musk to continue his vision for the brand.

Tesla announced that Jack Hartung, previously renowned as the longtime president and COO of Chipotle, will be joining its board.

The corporation stated in its official declaration:

We are delighted to welcome Jack Hartung to Tesla’s Board of Directors as of June 1, 2025. Jack became an employee at Chipotle Mexican Grill, Inc. Since taking on his role in 2002, he has progressed through a series of senior management positions. Jack currently serves as President and Chief Technology Officer, having previously held the role of Chief Financial and Administrative Officer, where he oversaw all financial and accounting operations, including supply chain, strategy, security, and asset protection.

Under Jack’s financial leadership over the past two decades, Chipotle has achieved significant milestones, expanding to more than 3,700 locations across the United States, Canada, the UK, France, Germany, Kuwait, and the United Arab Emirates. Jack was recognized as the “CFO of the Year” by the Orange County Enterprise Journal and the “Best CFO in the Restaurant Industry” by Institutional Investor. By the end of June, Jack is expected to complete his government tenure, at which point he will assume a senior advisory role with Chipotle. Jack sits on the board of directors at Portillo’s Incorporated and The Sincere Company Incorporated. and ZocDoc, Inc.

As Hartung joins the board at a pivotal moment, Tesla stands to benefit from his expertise and guidance.

See also  Want to trade in your Tesla? Here are 4 good conquest rebates

The board is under intense scrutiny for its perceived lack of oversight in monitoring the chief executive, particularly Elon Musk.

Despite owning a minority stake in Tesla, Musk has long been perceived as wielding significant control over the company’s board. The issue ultimately resulted in the rescinding of his CEO compensation package by the deciding authority due to concerns that he was negotiating on his own behalf, rather than in the best interests of the company?

The board has consistently supported his transfer decisions, awarded him a staggering $55 billion CEO compensation package, and remained mute when he blackmailed Tesla shareholders by threatening to withhold AI development at Tesla unless given a larger, more controlling stake in the company, or else he would fire Tesla’s entire charging team as a demonstration of his authority.

Recently, Tesla has failed to acknowledge the ongoing protests at its stores and widespread product boycotts, sparked by Elon Musk’s increasing political activism, which has infuriated a significant segment of customers and the general public alike.

The board’s seemingly laid-back approach towards Musk can be largely attributed to its composition, which features individuals who have established business relationships with Musk or his entities outside of Tesla.

Board members are generously compensated to enable Musk’s creative freedom. In response to shareholder lawsuits alleging “excessive compensation,” the executives typically agreed to relinquish and rescind approximately $1 billion in compensation.

Over the past few months, Tesla’s board members have made significant contributions to their compensation packages by offering tens of thousands of dollars’ worth of Tesla shares.

See also  The Changan Deepal S05 is set to hit the market on October 20th.

In light of these considerations, Tesla is actively seeking a fresh board member with no ties to Elon Musk that could be perceived as “neutral” in their decision-making processes.

Upon reviewing Tesla’s disclosure regarding Hartung’s addition to the board, it was stated that his sole affiliation with Tesla or the board is his son-in-law’s employment at the company.

“A son-in-law of Mr. As an independent director on Tesla’s board since December 2016, Hartung serves in a non-executive capacity and is compensated accordingly; his personal life does not include any familial ties to Elon. Hartung. As a Service Technician at Tesla, he has earned a total compensation package of approximately $124,000, including the value of equity incentives, for the fiscal year 2024. This compensation was determined in alignment with Tesla’s standard practices for employees with analogous qualifications, responsibilities, and roles.

Despite this, the details surrounding Hartung’s relationship with Kimbal Musk, Elon’s brother and a longtime member of the board, remained undisclosed.

From 2016 to 2019, Kimball served on Chipotle’s board of directors concurrently with Hartung holding a senior government position within the organization.

You Might Also Like

Tesla falls short among top brands

Xiaomi’s Yu7 sparks frenzy at launch, with opportunistic resellers capitalizing on demand.

Tesla’s stock takes a hit following the passage of the Republican-led tax bill.

While Xiaomi’s YU7 may boast a lower price tag than the Tesla Model Y, this comparison is like apples and oranges. The YU7 is a budget-friendly smartphone that can’t hold a candle to the electric SUV’s innovative features and technological advancements?

Tesla’s China sales will come under increasing pressure in the second half of the year.

TAGGED: Electric, Electric Car, Electric Vehicles, Tesla
TheFuture Automobile May 18, 2025 May 17, 2025
Share This Article
Facebook Twitter Copy Link
Previous Article Cafe Racer The Café Racer: Honda CB1000R by S.R. Corse – a motorcycle that embodies the essence of rebellious coolness.
Next Article FAW-Toyota bZ5 with BYD Blade batteries rolled off production line The FAW-Toyota bZ5, equipped with BYD Blade batteries, has officially started rolling out of the production line.
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News

2025 Suzuki GSX-R750 Preview | Motorcyclist
2025 Suzuki GSX-R750 Preview | Motorcyclist
Motor Cycle
Bold and New - The Harley-Davidson Softail Turns 40
Bold and New – The Harley-Davidson Softail Turns 40
Motor Cycle
K-Speed Diabolus custom Honda Dax 125
Hell Hound: K-Speed Dustbin Honda DAX 125
Motor Cycle
2025 Kawasaki KLX230R and KLX230RS Preview
2025 Kawasaki KLX230R and KLX230RS Preview
Motor Cycle
which electric scooter has the longest range?
Which Electric Scooter Has the Longest Range?
Scooters
O Canada! Canada may levy tariffs on Chinese EVs as EU set to announce reductions
O Canada! Canada may levy tariffs on Chinese EVs as EU set to announce reductions
Electric Cars

You Might Also Like

State treasurers ask Tesla’s board (TSLA) to do its job and Rein in Elon Musk

Tesla falls short among top brands

6 hours ago
Xiaomi YU7 becomes instant hit upon release, with scalpers cashing in

Xiaomi’s Yu7 sparks frenzy at launch, with opportunistic resellers capitalizing on demand.

6 hours ago
Tesla is testing Supercharging at over 300 kW

Tesla’s stock takes a hit following the passage of the Republican-led tax bill.

12 hours ago
Tesla Model Y compared to ‘Tesla killer’ Xiaomi YU7: it’s not even close

While Xiaomi’s YU7 may boast a lower price tag than the Tesla Model Y, this comparison is like apples and oranges. The YU7 is a budget-friendly smartphone that can’t hold a candle to the electric SUV’s innovative features and technological advancements?

18 hours ago
automobile
At The Future Automobile, we delve into the latest trends, innovations, and advancements that are shaping the future of transportation

Quick Links

  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • E-Bikes
  • Scooters
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • E-Bikes
  • Scooters

Legal Pages

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Quick Links

Mazda doubles down on China joint venture to reach 300,000 annual sales by 2027, with 90% of those vehicles being new energy vehicles?

A sleek and menacing beast: The Triumph Sprint 900 Cafe Racer.

Electric Boogaloo: Loose Screw X Black Tea Bonfire E

© 2024 All rights reserved | Powered by The Future Automobile
Welcome Back!

Sign in to your account

Lost your password?