Technological advancement also promises huge strides for many industries but perhaps a dire fate for others, a futurist tells accountants and auditors.
The suit says Tesla's CEO misled investors with his tweets about a possible go-private deal and should be removed from his position.
Dave Morton's resignation "comes at a particularly precarious financial time" for the automaker.
With CEO Musk now abandoning the idea of taking Tesla private, some analysts are questioning his credibility.
The automaker predicts it can produce 7,000 vehicles per week, which would enable it "to become sustainably profitable for the first time in our history."
Will Elon Musk succeed with his strategy of wooing investors with promises for the future and one shiny new object after another?
Each year dozens of shareholder proposals seek to quash potential conflicts of interest by calling for an independent chair. But they hardly ever pass.
"It is clear that Tesla is under tremendous pressure to finally turn a profit and is attempting to address it by cutting overhead."
The company's first junk issue is a bet that "bond investors will be as hungry as stock investors to back" Tesla as it ramps up production of the Model 3.
CEO Howard Schultz said the company will be “doubling down” on efforts to support refugees over the next five years.
Former Goldman Sachs, Tesla executive to get top finance job.
Both companies' shares fall amid concerns about their cash flow and the rationale for the merger.
