Tesla's electric car maker got a new chair, after Elon Musk, who remains the chief executive, had to resign from the position of chairman of the board in accordance with the court settlement.

The new chairwoman of Tesla Motors has become Robyn Denholm, who has been a member of the company's management since 2014, and has recently been head of finance and strategic planning at Telstra, the largest Australian mobile provider. She also worked at the Australian branch of Toyota at the beginning of her career. She was also considered as a person who was the most independent from Elon Musk, who liked to appoint family members, friends and long-time investors to the board.

However, this is not yet the end of the new appointments, as Tesla must appoint two independent members of the management board in line with the court settlement, which will be proposed by the management board, and voted by shareholders.

The shares of Tesla, which fell following Musk's comments in  social media last summer, started to grow again, especially after company announced it had reached the largest quarterly profit in its entire history. In the third quarter of 2018, Tesla achieved a profit of 312 million US dollars and delivered 83,500 cars to customers, which significantly exceeded expectations at Wall Street.

 

Nov. 8, 2018 Driving photo: Tesla

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