Wednesday , July 6 2022

After the scandal, Tesla defined a Musk exchange


Tesla Robyn Denholm appointed the new chairman of the company's board of directors to replace Elon Musk, who resigned after agreement with US regulatory authorities.

Denholm's appointment, so far, Telstra's financial director, an Australian telecommunications company, will be effective immediately, Tesla said in a statement late Wednesday. Denholm had already served on board of Tesla directors until 2014.

Musk resigned in October as chairman of the board following agreement with securities and securities commission (SEC), which oversees the US stock exchange. The SEC suspected a doctor of fraud by a tweet where he claimed he wanted to buy the company back and he had the money for him.

The SEC also places a $ 20 million payment to Tesla, although it allows Musk to continue as CEO.

Source: AFP

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