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CEO Elon Musk says Tesla will “flatten” its management structure. The announcement comes in the wake of executive departures at the company as it tries to produce its Model 3 car on schedule.
New Jersey can move forward with plans to allow sports betting at casinos and racetracks, ruled the U.S. Supreme Court. The decision could give states across the country access to the $150B industry.
CBS moved to block a proposed merger with Viacom, suing majority shareholder Shari Redstone for alleged breach of fiduciary duty. Redstone has been pushing for the deal and wants to replace CBS board members who oppose it.
“To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company.” Elon Musk
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