Lost amid the difficulties Tesla has had ramping up production of its mass-market Model 3, along with other distractions, is that they've squandered an early lead in autonomous technology. Now Tesla is in the rare position of playing catch-up. On Twitter this week, CEO Elon Musk acknowledged self-driving is difficult and their technology needs more work.
Why it matters: Elon Musk’s ambitious vision to lead the planet toward sustainable energy and safer cars can’t be achieved unless Tesla is financially viable. Musk is getting a new boss, courtesy of the Securities and Exchange Commission: an independent chairman will help him keep his eyes on the road ahead and on delivering the company's AV promise. But the Tesla CEO continues to provoke the SEC.