Elon Musk's tweets show that Tesla's revamped board is still bad at its job — and it could get the company into even more trouble (TSLA)

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• Tesla's board is still failing to monitor Elon Musk's tweets.
• Musk tweeted a false production target for Tesla this week, then took hours to correct himself.
• Even after he did, he left the misleading tweet online.
• The incident could get the company and Musk in trouble again with the SEC, which specifically ordered Tesla to oversee his investor communications on Twitter and elsewhere.
• What's more, the tweets showed that even after the board's SEC-ordered revamping, it's still awful at doing its job.

Tesla's new-and-improved board of directors appears to be just as bad at its job as it was before its recent makeover.

Directors of the electric car company are supposed to be keeping a close eye on CEO Elon Musk and specifically on what he says to shareholders. But as a pair of tweets from Musk this week made clear, that's not happening. Musk still seems to be able to say pretty much anything he wants on Twitter — even if it's deeply misleading or even false — and Tesla's directors don't seem to be doing anything to about it.

See the rest of the story at Business Insider

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