1. Elon Musk is Personally Insuring Tesla's Board Members Due to 'Disproportionately High Premiums' Quoted by Insurance Companies (TSLA)

    Elon Musk is Personally Insuring Tesla's Board Members Due to 'Disproportionately High Premiums' Quoted by Insurance Companies (TSLA)
    • Tesla said Tuesday that CEO Elon Musk is insuring company directors, citing high premiums from insurance companies.
    • The billionaire pledged 54% of his stake in Tesla to make the offering, up from 40% in 2018.
    • No stranger to high insurance costs, Tesla last year launched an insurance offering for owners in California.
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    1. Elon Musk agreed with Tesla to personally provide coverage substantially equivalent to such a policy for a one-year period, and the other members of the Board are third-party beneficiaries thereof.
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