Tesla is a “better-run” company after its regulatory battles following the recent addition of independent directors to oversee Elon Musk, according to the electric carmaker’s top external shareholder. “We thought he was getting things wrong,” said James Anderson, head of global equities for Baillie Gifford, speaking about Mr Musk, Tesla’s founder. Mr Anderson said the appointment of Robyn Denholm, one of the company’s independent board members since 2014, as chairwoman was a decisive move. She had given the founder “emotional” support and allowed him to focus on leading the company, he said. Ms Denholm left a senior role at Telstra, the Australian telecoms company, last year to focus on Tesla full time and is one of few board members with automotive experience.

Source: The Irish Times March 09, 2020 16:41 UTC