Elon Musk is betting on Tesla to succeed, but a relentless exodus of senior executives could be a warning sign about the company's future.
Why it matters: “It is never a good sign when almost all your senior executives are leaving with the stock price at a high," billionaire short-seller Jim Chanos told Bloomberg Opinion's podcast. "That’s telling you there’s something wrong. And I don’t know what it is, but almost all the senior executives at Tesla see something and are leaving stock option packages on the table."
Following up: California's mandate that new single-family homes and small multi-family dwellings must come with solar panels starting in 2020 has touched off a dispute among climate advocates about whether it's a good idea.
Why it matters now: State and local policy is where the action is, as the White House has generally abandoned federal climate policies. Meanwhile, California's initiatives could bolster similar efforts in other states as solar continues to get ever cheaper, which expands the menu of policy options.
"The decision to pull out of the Iran deal is the latest example of the administration’s aggressive unilateralism," Financial Times chief foreign affairs commentator Gideon Rachman writes from London (subscription).
The big picture: "America’s allies may harrumph that it is unacceptable for the US to walk away from the Iran deal or the Paris climate accord, but there is not much they can do about it. After all, European allies depend not only on the dollar, but also ... on American military protection."
