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Tesla forms committee to evaluate Musk's proposal to go private

Photo: Joe Raedle/Getty Images

Tesla announced Tuesday the formation of an independent committee to evaluate the "advisability or feasibility" of CEO Elon Musk's proposal — which he still has not formally submitted — to take the electric automaker private.

The details: The committee will consist of three independent directors: Brad Buss, Robyn Denholm and Linda Johnson Rice. The committee has also retained the law firm Latham & Watkins LLP and will retain an independent financial advisor once a formal proposal is submitted.

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Hans Nichols, Fadel Allassan
Updated 25 mins ago - Politics & Policy

President Joe Biden vows to be "a president for all Americans"

Moments after taking the oath of office, President Joe Biden sought to soothe a nation riven by political divisions and a global pandemic, while warning that "we have far to go" to heal the country and defeat a "virus that silently stalks the the country."

Why it matters: From the same steps that a pro-Trump mob launched an assault on Congress two weeks earlier, the new president paid deference to the endurance of American political institutions.

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Axios
Updated 44 mins ago - Politics & Policy

Inauguration Day dashboard

U.S. Capitol and stage are lit at sunrise ahead of the inauguration of Joe Biden. Photo: Patrick Semansky - Pool/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Biden and Vice President Harris review readiness of military troops, a long-standing tradition to signify the peaceful transfer of power.

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Orion Rummler
Updated 1 hour ago - Politics & Policy

In photos: The Biden and Harris inauguration

Joe Biden is sworn in as the 46th president of the United States. Photo: Alex Wong/Getty Images

Joe Biden and Kamala Harris were inaugurated as president and vice president respectively in a ceremony at the U.S. Capitol on Wednesday morning.

Why it matters: Top Democrats and Republicans gathered for the peaceful transfer of power only two weeks after an unprecedented siege on the building by Trump supporters to disrupt certification of Biden's victory. Trump did not attend Wednesday's ceremony.

Go deeper (<1 min. read)Arrow