Tesla has chosen a new Chairman of the Board of Directors

8 November 2018

Elon Musk is no longer Chairman of the Board of Directors

It's hard to believe, but it still happened: Elon Musk is no longer the Chairman of the Board of Directors of Tesla. According to the agreement with the Commission on securities and stock exchanges of the USA he is leaving the position and will not be able to take it within the next three years. Here and fairy tales end? As it is not so!

In fact, Tesla will continue to accept the Mask for two simple reasons. First, he remains its CEO. Second, he remains its largest shareholder. Will there be any changes in the format of the management company, will depend on which person and on what terms is the chair of the Board of Directors.

A human Tesla is already defined. This post will get Robin Denham. She previously had to do with "Tesla": 2014, Robin serves on the Board of Directors of Tesla as an independent Director. At the same time, its main activity has been associated with the manufacturer of electric vehicles.

Up to this time Robin Denham was appointed chief financial officer of Telstra. Like Tesla? Apparently, it's just a coincidence: Telstra is the largest telecommunications company in Australia and provides services. Plus, the new Chairman of the Board of Directors of Tesla previously worked in some companies from Silicon valley.

While Mrs. Denham did not give detailed comments on future strategy. They only promised to faithfully serve the Mask and the "Tesla", increase its profits and to work for the benefit of market capitalization.

For the Commission on securities and stock exchanges of the USA were against the Mask? Officials accused of billionaire in fraud. The occasion was the promise to turn Tesla into a non-public company (which may, in particular, to report less frequently than public JSC) and to repurchase shares at $420, which exceeded market value by 20%.

And the cost of $420 allegedly was not taken from the ceiling. As stated earlier, the co-Director of the security Department of the Commission, Steven Peikin, the number 420 has in American culture a strong subtext. So popular are sometimes referred to Smoking marijuana (4:20). And Elon Musk is specially voiced it to impress his girlfriend, the canadian singer Grimes. And although this hard to believe, but the official version sounds like it.