Tesla’s stock took a header after the Securities and Exchange Commission on Thursday charged Elon Musk with reckless tweeting and sought his removal. That seems like enforcement overkill, though the bigger risk for Tesla investors is an autonomous-driving CEO that can’t be controlled or easily replaced. Mr. Musk sent investors into a tailspin last month when he tweeted that he was considering “taking Tesla private at $420. Funding secured.” Tesla’s stock surged 11% that day but plunged over the following weeks as it became...

Source: Wall Street Journal September 28, 2018 23:03 UTC