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Tesla Names Elon Musk's Replacement

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Tesla Names Elon Musk's Replacement

Tesla Names Elon Musk's Replacement

Business Insider reports that Tesla was gaining ground Thursday morning.

The company was up 2.5%, after naming Elon Musk's board chair replacement.

The electric-car maker has chosen Robyn Denholm as its new board chair.

Denholm is currently CFO at Australian telecoms operator Telstra.

A spokesperson said that Tesla is still in the process of seaching for two independent directors.

As part of Tesla's settlement with the Securities and Exchange Commission, that must be done by December 28.

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