Tesla’s shareholders have offered a show of support for Elon Musk, rejecting a proposal to strip him of the chairman post, even after a string of issues at the electric car maker.

Tesla said the proposal to force Mr Musk to hand over the chairman post, leaving him as just the company’s chief executive, was voted down by a “supermajority” of shareholders.

It had been put forward by Jing Zhao, who owns 12 Tesla shares, although the proposal was backed by shareholder advisory groups the Institutional Shareholder Services and Glass Lewis.


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