A practice of Elon Musk and Tesla’s board raises questions about the company’s governance and the possible low valuation that private capital markets are putting on its shares. At the heart of the issue is how the company’s CEO borrows money and whether he pledged an astoundingly large percentage of his shares — close to 7% of all outstanding stock — as collateral for a sum under 4% of the market value. The question is also not just about Tesla, but all public companies where executives and directors might pledge stock for borrowing in ways that could affect the market…

Waning enthusiasm for electric vehicles in the U.S. has coincided with headline troubles for Tesla but the future for EVs looks solid although they won’t be the dominant force zealots have been passionately claiming anytime soon. Expect Tesla to stop the fall in sales and stage a firm recovery. EV sales in the U.S. are expected to inch higher in 2025 to 1.3 million, according to UBS data. That would mean a market share of 10.8% versus last year’s 10.4%. UBS expects steady market share growth, reaching 24% or 2.7 million by 2030. That assumes the Trump administration will see…