Tesla’s global sales director leaves for Airbnb, marking latest executive departure

A Tesla senior sales executive, Dan Kim, has left the company, according to a person familiar with the matter. Kim, who joined Tesla in January, left for online travel site Airbnb, Bloomberg News first reported Tuesday. The job change was also reflected on a LinkedIn page that appears to belong to Kim, who was listed as the former head of global sales, marketing and delivery operations at Tesla. Kim was a senior director in global sales and marketing under Robin Ren, the vice president of worldw


A Tesla senior sales executive, Dan Kim, has left the company, according to a person familiar with the matter. Kim, who joined Tesla in January, left for online travel site Airbnb, Bloomberg News first reported Tuesday. The job change was also reflected on a LinkedIn page that appears to belong to Kim, who was listed as the former head of global sales, marketing and delivery operations at Tesla. Kim was a senior director in global sales and marketing under Robin Ren, the vice president of worldw
Tesla’s global sales director leaves for Airbnb, marking latest executive departure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: robert ferris, wang zhao, afp, getty images
Keywords: news, cnbc, companies, teslas, according, marking, global, senior, company, head, sales, departure, kim, leaves, executive, tesla, left, latest, airbnb, director, marketing


Tesla's global sales director leaves for Airbnb, marking latest executive departure

A Tesla senior sales executive, Dan Kim, has left the company, according to a person familiar with the matter.

Kim, who joined Tesla in January, left for online travel site Airbnb, Bloomberg News first reported Tuesday. The job change was also reflected on a LinkedIn page that appears to belong to Kim, who was listed as the former head of global sales, marketing and delivery operations at Tesla.

Kim departed last month and his duties at the electric automaker are being handled by other people on his team, according to the person. Kim was a senior director in global sales and marketing under Robin Ren, the vice president of worldwide sales at Tesla.

Tesla declined to comment. Airbnb didn’t immediately respond to a request for comment.

Prior to joining Tesla, Kim held executive roles in marketing at Solera, a company that makes vehicle analytics, according to his Wikipedia and LinkedIn pages. Before that Kim founded a chain of frozen yogurt stores called Red Mango.

Tesla has experienced intense turnover at several levels in its ranks. In September, short seller Jim Chanos compiled a list that showed the company had lost more than 40 executives in 2018. In late November, CNBC reported that Tesla’s global head of security left after 11 months on the job and the company’s head of digital product confirmed in December he has left the company.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: robert ferris, wang zhao, afp, getty images
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Elon Musk tweets fans might see a Tesla pickup truck next year

Elon Musk Tesla’s pickup truck is coming and it’s going to look “really futuristic-like cyberpunk, ‘Blade Runner,'” he told Recode in November (referring to the sci-fi movie). Now, Musk says there might be a prototype of that “heart-stopping” truck as soon as 2019, because “he’s “dying to make a pickup truck so bad,” he tweeted Tuesday. In the Twitter exchange, Musk said the pickup will have “dual motor all-wheel drive w crazy torque & a suspension that dynamically adjusts for load. Those will b


Elon Musk Tesla’s pickup truck is coming and it’s going to look “really futuristic-like cyberpunk, ‘Blade Runner,'” he told Recode in November (referring to the sci-fi movie). Now, Musk says there might be a prototype of that “heart-stopping” truck as soon as 2019, because “he’s “dying to make a pickup truck so bad,” he tweeted Tuesday. In the Twitter exchange, Musk said the pickup will have “dual motor all-wheel drive w crazy torque & a suspension that dynamically adjusts for load. Those will b
Elon Musk tweets fans might see a Tesla pickup truck next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: sarah berger
Keywords: news, cnbc, companies, fans, truck, twitter, soon, told, pickup, testing, teslas, tweets, tesla, tweeted, elon, musk


Elon Musk tweets fans might see a Tesla pickup truck next year

Elon Musk Tesla’s pickup truck is coming and it’s going to look “really futuristic-like cyberpunk, ‘Blade Runner,'” he told Recode in November (referring to the sci-fi movie).

Now, Musk says there might be a prototype of that “heart-stopping” truck as soon as 2019, because “he’s “dying to make a pickup truck so bad,” he tweeted Tuesday.

Musk’s tweet has since racked up over 4,000 likes and prompted nearly 600 comments.

The Tesla CEO has already shared an image of the what the pickup might look like (above).

Though Musk told Recode he couldn’t share details on the pickup, in June, he asked his millions of Twitter followers what they would like to see in the truck and got thousands of responses.

In the Twitter exchange, Musk said the pickup will have “dual motor all-wheel drive w crazy torque & a suspension that dynamically adjusts for load. Those will be standard” and “Pickup truck will have power outlets allowing use of heavy duty 240V, high power tools in field all day. No generator needed.”

When a Twitter user suggested the vehicle should be able to detect a young child crossing in front of the car, Musk responded, “Camera & onboard neural net should detect [that]. If very close (below 15 ft), will show up on ultrasonics.”

In 2017, Musk tweeted the pickup would be unveiled “in 18 to 24 months,” but more recently said the pickup would be made after Tesla’s Model 3 (now in production) and its upcoming Y SUV, according to CNBC.

But a pickup isn’t the only thing Musk has in mind for Tesla: In a Dec. 9 tweet, Musk revealed that Tesla is testing automated driving with no driver input and Musk said the results “will blow your mind. Automatically passes slow cars & takes highway interchanges & off-ramps,” he tweeted.

“Already testing traffic lights, stop signs & roundabouts in development software,” he added. “Your Tesla will soon be able to go from your garage at home to parking at work with no driver input at all.”

Don’t miss: If you invested $1,000 in Tesla in 2010, here’s how much you’d have now

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Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: sarah berger
Keywords: news, cnbc, companies, fans, truck, twitter, soon, told, pickup, testing, teslas, tweets, tesla, tweeted, elon, musk


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If you invested $1,000 in Tesla in 2010, here’s how much you’d have now

If you invested in Tesla in 2010, when it made its initial public offering, that investment would definitely have paid off. A $1,000 investment would be worth more than $21,000 as of Dec. 12, according to CNBC calculations, including price appreciation and dividend gains reinvested. While the company’s stock has performed well over the years, though, any individual stock can over- or under-perform and past returns do not predict future results. CNBC: Tesla stock as of Dec. 12, 2018In an intervie


If you invested in Tesla in 2010, when it made its initial public offering, that investment would definitely have paid off. A $1,000 investment would be worth more than $21,000 as of Dec. 12, according to CNBC calculations, including price appreciation and dividend gains reinvested. While the company’s stock has performed well over the years, though, any individual stock can over- or under-perform and past returns do not predict future results. CNBC: Tesla stock as of Dec. 12, 2018In an intervie
If you invested $1,000 in Tesla in 2010, here’s how much you’d have now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: shawn m carter
Keywords: news, cnbc, companies, musk, stock, tesla, recent, past, including, 2010, hes, investment, 1000, sec, invested, heres, youd, teslas


If you invested $1,000 in Tesla in 2010, here's how much you'd have now

Despite some lingering controversy around Tesla’s co-founder and chief executive officer Elon Musk, the automaker’s shares are up 37 percent in the past three months, and the company was a top performer in the Nasdaq 100 on Monday, even amid steep stock market dips.

If you invested in Tesla in 2010, when it made its initial public offering, that investment would definitely have paid off. A $1,000 investment would be worth more than $21,000 as of Dec. 12, according to CNBC calculations, including price appreciation and dividend gains reinvested.

While the company’s stock has performed well over the years, though, any individual stock can over- or under-perform and past returns do not predict future results.

In September, Musk was forced to step down as chairman of Tesla’s board of directors for three years in a deal with the Securities and Exchange Commission after he wrote on Twitter that he was considering taking the company private, and he remains a polarizing figure.

CNBC: Tesla stock as of Dec. 12, 2018

In an interview on CBS’ “60 Minutes,” Musk said that, while he plans to comply with the settlement, he does not respect the SEC itself. He made no apologies for his recent behavior, including one incident where he appeared to smoke marijuana and drink whiskey on comedian Joe Rogan’s podcast, and another where he suggested that a diver in the Thailand cave rescue was a “pedo.”

Musk said that he sees himself as “somewhat impulsive” and that he doesn’t want to “try to adhere to some CEO template.” “I’m just being me,” he told CBS. “I was certainly under insane stress and crazy, crazy hours. But the system would have failed if I was truly erratic.”

In response to both Musk’s behavior andhis comments about the SEC, on a recent episode of CNBC’s “Squawk on the Street,” Jim Cramer, host of “Mad Money,” said, “This man plays by no rules. He’s his own worst enemy. I don’t understand why anyone would do this. He clearly thinks he’s above the law or he would not ‘diss’ the agency that he has a plea deal [with].”


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: shawn m carter
Keywords: news, cnbc, companies, musk, stock, tesla, recent, past, including, 2010, hes, investment, 1000, sec, invested, heres, youd, teslas


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Tesla’s China factory is set to begin production late next year, Shanghai government says

Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing. In mid-October, Tesla officially acquired an 864,885-square meter


Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing. In mid-October, Tesla officially acquired an 864,885-square meter
Tesla’s China factory is set to begin production late next year, Shanghai government says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: evelyn cheng, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, electric, costs, second, china, begin, wechat, mayor, late, half, production, official, shanghai, teslas, tesla, factory, set


Tesla's China factory is set to begin production late next year, Shanghai government says

Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday.

Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing.

Tesla did not immediately respond to an emailed request for comment.

In mid-October, Tesla officially acquired an 864,885-square meter plot in Shanghai’s Lingang area for the electric car maker’s first factory outside the U.S.

Elon Musk’s company has also launched an official WeChat account for hiring locals.

Producing in China, the world’s largest market for electric vehicles, would allow Tesla to reduce costs significantly. The company has said it is operating at a 55 percent to 60 percent cost disadvantage with a domestic peer due to ocean transport costs and tariffs.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: evelyn cheng, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, electric, costs, second, china, begin, wechat, mayor, late, half, production, official, shanghai, teslas, tesla, factory, set


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Tesla’s reported 70 percent drop in China sales is ‘misleading information,’ Chinese auto exec says

Don’t read too much into reports that Tesla sold just 211 cars in China last month, a top Chinese auto executive said Wednesday. An official from the China Passenger Car Association told Reuters on Tuesday that Tesla’s China sales dropped 70 percent in October from a year earlier. Speaking at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China, WM Motor CEO Freeman Shen called the report “misleading information.” “I doubt that number because, as a person who has been work


Don’t read too much into reports that Tesla sold just 211 cars in China last month, a top Chinese auto executive said Wednesday. An official from the China Passenger Car Association told Reuters on Tuesday that Tesla’s China sales dropped 70 percent in October from a year earlier. Speaking at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China, WM Motor CEO Freeman Shen called the report “misleading information.” “I doubt that number because, as a person who has been work
Tesla’s reported 70 percent drop in China sales is ‘misleading information,’ Chinese auto exec says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: elizabeth schulze, dave zhong getty images for cnbc international
Keywords: news, cnbc, companies, passenger, cnbcs, told, chinese, association, exec, sales, information, yoon, misleading, shen, reported, car, china, auto, teslas, drop


Tesla's reported 70 percent drop in China sales is 'misleading information,' Chinese auto exec says

Don’t read too much into reports that Tesla sold just 211 cars in China last month, a top Chinese auto executive said Wednesday.

An official from the China Passenger Car Association told Reuters on Tuesday that Tesla’s China sales dropped 70 percent in October from a year earlier. Speaking at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China, WM Motor CEO Freeman Shen called the report “misleading information.”

“I doubt that number because, as a person who has been working in the Chinese auto industry for many years …the Chinese Passenger Car Association is not always accurate,” Shen told CNBC’s Eunice Yoon.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: elizabeth schulze, dave zhong getty images for cnbc international
Keywords: news, cnbc, companies, passenger, cnbcs, told, chinese, association, exec, sales, information, yoon, misleading, shen, reported, car, china, auto, teslas, drop


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Tesla’s head of global security is out after 11 months

Tesla’s head of global security, Jeff Jones, is no longer working with the company after just 11 months on the job, according to one current and one former Tesla employee. In September, Tesla hired Karl Wagner, a former executive manager and senior CIA operations officer, as a senior director of global security, according to his LinkedIn profile. As a senior director and head of global security, Jones joined Tesla after a tumultuous couple of years at Uber. He reported directly to Elon Musk, and


Tesla’s head of global security, Jeff Jones, is no longer working with the company after just 11 months on the job, according to one current and one former Tesla employee. In September, Tesla hired Karl Wagner, a former executive manager and senior CIA operations officer, as a senior director of global security, according to his LinkedIn profile. As a senior director and head of global security, Jones joined Tesla after a tumultuous couple of years at Uber. He reported directly to Elon Musk, and
Tesla’s head of global security is out after 11 months Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: lora kolodny, noah berger
Keywords: news, cnbc, companies, senior, teslas, tesla, company, months, vice, president, jones, wagner, 11, security, head, global


Tesla's head of global security is out after 11 months

Tesla’s head of global security, Jeff Jones, is no longer working with the company after just 11 months on the job, according to one current and one former Tesla employee.

These people said that Jones was dismissed from the electric vehicle maker in mid-November, but the circumstances around his departure were not publicized. Tesla told employees only that Jones’ “position was no longer needed,” they said.

In September, Tesla hired Karl Wagner, a former executive manager and senior CIA operations officer, as a senior director of global security, according to his LinkedIn profile. It’s not clear how Wagner’s and Jones’ jobs overlapped, or if Wagner replaced Jones.

The company declined to comment on Jones’ departure. Jones did not immediately respond to a request for more information.

As a senior director and head of global security, Jones joined Tesla after a tumultuous couple of years at Uber. He reported directly to Elon Musk, and managed security teams at Tesla’s major facilities including its Fremont, California car plant and battery factory near Reno, Nevada (Gigafactory 1).

During Jones’ eleven-month tenure, a former Tesla employee named Karl Hansen filed a whistleblower complaint with the SEC alleging, among other things, that the company suffered and hid the theft of raw materials, worth tens of millions of dollars, from investors.

Tesla embarked on broad restructuring back in June, slashing its work force by at least 9 percent. In addition to those it has fired or laid off, a string of executives have moved on from Tesla in 2018, including former engineering leader Doug Field, supply chain vice president Liam O’Connor, and legal vice president Phil Rothenberg, among others.


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: lora kolodny, noah berger
Keywords: news, cnbc, companies, senior, teslas, tesla, company, months, vice, president, jones, wagner, 11, security, head, global


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Tesla cuts prices on solar power systems as it looks to entice customers

Tesla has reduced prices on its solar power systems as it looks to make sustainable energy use more affordable. This pricing change would help Tesla’s average customer make savings of between $3,000 and $4,000, the spokesperson added. “This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world’s transition to sustainable energy.” Shah added that the business wanted to become the lowest-cost solar provider in


Tesla has reduced prices on its solar power systems as it looks to make sustainable energy use more affordable. This pricing change would help Tesla’s average customer make savings of between $3,000 and $4,000, the spokesperson added. “This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world’s transition to sustainable energy.” Shah added that the business wanted to become the lowest-cost solar provider in
Tesla cuts prices on solar power systems as it looks to entice customers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, smith collection gado, archive photos, getty images
Keywords: news, cnbc, companies, prices, spokesperson, power, systems, sustainable, customers, tesla, entice, cuts, teslas, solar, energy, sales, looks


Tesla cuts prices on solar power systems as it looks to entice customers

Tesla has reduced prices on its solar power systems as it looks to make sustainable energy use more affordable.

“As a result of the vertical integration of our solar products into Tesla’s retail stores and the increased efficiencies we’ve realized over the past year by closing more expensive sales channels like door-to-door sales, we are now able to reduce prices for our solar power systems,” a Tesla spokesperson told CNBC in a statement Friday.

This pricing change would help Tesla’s average customer make savings of between $3,000 and $4,000, the spokesperson added. “This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world’s transition to sustainable energy.”

In an interview with Reuters on Thursday, Tesla’s senior vice president of energy operations, Sanjay Shah, said that the price reductions should make the firm “highly competitive.”

Shah added that the business wanted to become the lowest-cost solar provider in the U.S., Reuters reported.

Tesla deployed 93 megawatts of solar energy generation systems in the third quarter of 2018.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, smith collection gado, archive photos, getty images
Keywords: news, cnbc, companies, prices, spokesperson, power, systems, sustainable, customers, tesla, entice, cuts, teslas, solar, energy, sales, looks


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An inside look at Tesla’s Gigafactory

An inside look at Tesla’s Gigafactory8 Hours AgoCNBC’s Phil LeBeau reports from Tesla’s growing Gigafactory on the company’s battery production and what makes the battery advantageous over other companies.


An inside look at Tesla’s Gigafactory8 Hours AgoCNBC’s Phil LeBeau reports from Tesla’s growing Gigafactory on the company’s battery production and what makes the battery advantageous over other companies.
An inside look at Tesla’s Gigafactory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13
Keywords: news, cnbc, companies, teslas, production, gigafactory, phil, look, battery, inside, makes, lebeau, reports, hours


An inside look at Tesla's Gigafactory

An inside look at Tesla’s Gigafactory

8 Hours Ago

CNBC’s Phil LeBeau reports from Tesla’s growing Gigafactory on the company’s battery production and what makes the battery advantageous over other companies.


Company: cnbc, Activity: cnbc, Date: 2018-11-13
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A look inside Tesla’s Gigafactory: The key to the automakers’ success

Walk into Tesla’s Gigafactory in Sparks, Nevada, and the first thing that stands out is the size of the battery plant. “The Gigafactory is critical to Tesla. The Gigafactory’s expansion since opening in July 2016 has been critical to Tesla’s growth. Much of that growth is due to its latest vehicle, the Model 3, a sedan targeted to a broader audience than Tesla’s previous cars. Last quarter, as Tesla hit its target of producing more than 5,000 Model 3 cars per week, the company posted a profit.


Walk into Tesla’s Gigafactory in Sparks, Nevada, and the first thing that stands out is the size of the battery plant. “The Gigafactory is critical to Tesla. The Gigafactory’s expansion since opening in July 2016 has been critical to Tesla’s growth. Much of that growth is due to its latest vehicle, the Model 3, a sedan targeted to a broader audience than Tesla’s previous cars. Last quarter, as Tesla hit its target of producing more than 5,000 Model 3 cars per week, the company posted a profit.
A look inside Tesla’s Gigafactory: The key to the automakers’ success Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: phil lebeau, meghan reeder
Keywords: news, cnbc, companies, batteries, key, teslas, success, cars, tesla, look, growth, model, gigafactory, company, automakers, vehicles, inside, critical


A look inside Tesla's Gigafactory: The key to the automakers' success

Walk into Tesla’s Gigafactory in Sparks, Nevada, and the first thing that stands out is the size of the battery plant. It’s enormous. So big that you could fit 33 football fields — and it’s only getting larger.

“The Gigafactory is critical to Tesla. There is more batteries produced here for electric vehicles than in the rest of the planet combined. We would not be able to make all the vehicles we are making now if we didn’t have the Gigafactory,” said Jerome Guillen, president of Tesla Automotive.

The Gigafactory’s expansion since opening in July 2016 has been critical to Tesla’s growth. This year, the automaker is on track to sell 236,000 vehicles. Much of that growth is due to its latest vehicle, the Model 3, a sedan targeted to a broader audience than Tesla’s previous cars. All of the Model 3’s batteries are built at the Gigafactory.

Last quarter, as Tesla hit its target of producing more than 5,000 Model 3 cars per week, the company posted a profit. CEO Elon Musk says his company has turned the corner after years of mounting losses.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: phil lebeau, meghan reeder
Keywords: news, cnbc, companies, batteries, key, teslas, success, cars, tesla, look, growth, model, gigafactory, company, automakers, vehicles, inside, critical


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Tesla chairwoman Robyn Denholm: An insider and counterbalance to Musk

Tesla’s newly appointed chairwoman Robyn Denholm will bring business expertise to the helm of the company’s board and serve as a crucial counterbalance to CEO Elon Musk, even if she isn’t the most exciting pick, analysts and experts told CNBC Thursday. Denholm is the Chief Financial Officer at Australian telecom company Telstra, where she previously served as Chief Operations Officer. Before Telstra, Denholm held executive positions with networking systems companies and served as a national fina


Tesla’s newly appointed chairwoman Robyn Denholm will bring business expertise to the helm of the company’s board and serve as a crucial counterbalance to CEO Elon Musk, even if she isn’t the most exciting pick, analysts and experts told CNBC Thursday. Denholm is the Chief Financial Officer at Australian telecom company Telstra, where she previously served as Chief Operations Officer. Before Telstra, Denholm held executive positions with networking systems companies and served as a national fina
Tesla chairwoman Robyn Denholm: An insider and counterbalance to Musk Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: sara salinas, source
Keywords: news, cnbc, companies, kallo, musk, teslas, elon, tesla, insider, independent, robyn, denholm, chairwoman, board, chairperson, counterbalance, told


Tesla chairwoman Robyn Denholm: An insider and counterbalance to Musk

Tesla’s newly appointed chairwoman Robyn Denholm will bring business expertise to the helm of the company’s board and serve as a crucial counterbalance to CEO Elon Musk, even if she isn’t the most exciting pick, analysts and experts told CNBC Thursday.

Denholm is the Chief Financial Officer at Australian telecom company Telstra, where she previously served as Chief Operations Officer. She announced Wednesday she was leaving the company and will focus solely on her role as Tesla’s chair. Before Telstra, Denholm held executive positions with networking systems companies and served as a national finance manager for Toyota.

Denholm has been on Tesla’s board since 2014, which many said is the only real downside to the appointment. Investors and analysts were hoping for a truly independent, outside chairperson to fully check Musk’s often wild antics.

It was Musk’s controversial tweeting that spurred the SEC fraud charges and subsequent settlement that mandated a new chairperson in the first place.

“I could dream up 10 people from the outside that could be chairperson, but I don’t really know, from an ivory tower, if that makes sense,” Baird analyst Ben Kallo told CNBC. “We all want a superstar — Larry Ellison at some point, or [Sheryl] Sandberg from Facebook — and as much as that sounds good on paper, in reality this is probably a smarter, more measured decision.”

Denholm is as independent as a current insider gets, Kallo said. Among a hand-picked board that includes Elon’s brother Kimbal Musk, Denholm is relatively removed. She’s also unlikely to make headlines like Musk often does.

“She’s always been a voice of good logic and reason [on the board] and helped balance out… anyone that would just go with the flow with Elon,” Kallo said. “Can she check Elon? I’m not sure, and I’m not sure if anyone could check him. Maybe his brother, but I think if they had his brother as chairperson everyone would be up in arms.”

Tesla still has two more independent directors to appoint in compliance with the SEC settlement. The selections could shed light on Denholm’s immediate impact as chairwoman.

“I think what they have to demonstrate is there’s a sort of new world order within Tesla — more stringent filters on corporate communications, more objective, well-rounded decisions around corporate governance,” Consumer Edge Research analyst Jamie Albertine told CNBC. “I just hope that they’re aware of the gravity of the bigger looming question: the broader independence of the board of directors relative to management.”


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: sara salinas, source
Keywords: news, cnbc, companies, kallo, musk, teslas, elon, tesla, insider, independent, robyn, denholm, chairwoman, board, chairperson, counterbalance, told


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