TSLA Tesla Inc

By Kimberly Chin 

Tesla Inc. has named two new independent directors to its board as part of a settlement between the Securities and Exchange Commission and the electric-car company's chief executive.

The company said that Larry Ellison, Oracle Corp.'s chairman and cofounder, and Kathleen Wilson-Thompson, Walgreens Boots Alliance Inc.'s executive vice president and global human resources chief, began their roles as independent directors on Thursday.

The regulator's Sept. 29 settlement with Elon Musk came after tweets that claimed funding was in place to take the company private at $420 a share were posted to his Twitter account in early August

The deadline to name the new directors was Friday.

(More to come)

(END) Dow Jones Newswires

December 28, 2018 08:57 ET (13:57 GMT)

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