Friday October 18, 2019
Home Science & Technology Robyn Denholm...

Robyn Denholm Replaces Elon Musk As Chairman Of Tesla

Musk accepted the deal with the SEC "without admitting or denying the allegations of the complaint", according to a court document.

0
//
Tesla, board
Tesla to lay-off 7% full-time staff amid China dreams. Pixabay

 Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at Australian firm Telstra, to become the Chair of the Tesla Board.

Denholm takes over the role from Elon Musk who agreed to step down as Chairman of Tesla for three years and pay a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (S.E.C.) to resolve securities fraud charges.

Musk will remain as Tesla’s chief executive.

“Robyn will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, once her six-month notice period with Telstra is complete. Robyn will be serving as Tesla Chair on a full-time basis,” Tesla said in a statement.

tesla
A Telsa car recharges at a Tesla charging station in Charlotte, N.C. VOA

To ensure a smooth transition during the remainder of Robyn’s time at Telstra, Musk will be a resource to her and provide any support that she requests in her role as Chair.

“Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla Board member over the past four years in helping us become a profitable company,” said Musk.

“I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy,” he added.

Denholm has served on the Tesla Board as an independent director since 2014.

Her global experience in both Australia and Silicon Valley encompasses leadership roles across a range of technology companies, including Telstra, Juniper Networks, and Sun Microsystems.

Tesla CEO Elon musk
Elon Musk agrees to step down as Chairman (VOA)

“I believe in this company, I believe in its mission and I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value,” said Denholm.

The US SEC last month announced the deal with Tesla, after it sued Musk in federal court for misleading investors over his post on Twitter in August that he had “funding secured” for a buyout of the electric-car company at $420 a share, reports The New York Times.

Also Read: Elon Musk Shows a New Transportation System Being Developed Under LA

Musk accepted the deal with the SEC “without admitting or denying the allegations of the complaint”, according to a court document.

His tweet about taking his company private, along with attacks on critics on social media, raised concerns with investors about whether Musk has become too focused on criticism from so-called short-sellers who had been making bets against him and the company. (IANS)

Next Story

Usage of Lithium-ion Batteries Revolutionizing the World

Lithium-ion Batteries have revolutionised Technology in the World

0
Lithum-Ion Battery
A Lithium-Ion Battery for Samsung Mobile Phone. Wikimedia Commons

Be it smartphones, notebooks or electric cars, lithium-ion batteries have revolutionized our world, laying the foundation for a wireless, fossil fuel-free society, the Royal Swedish Academy of Sciences said on Wednesday while awarding the 2019 Nobel prize in Chemistry to John Goodenough, Stanley Whittingham and Akira Yoshino.

The Li-ion technology is currently the best performing technology for energy storage based on batteries. Li-ion batteries are used in small electronics (smartphones, laptops etc) and are also the best options for electric cars.

In the 1970s as the world stared at oil crisis, Whittingham from Binghamton University in the US, American professor and solid-state physicist Goodenough (currently at the University of Texas at Austin) and Japanese chemist Yoshino advanced the development in the field through the 1980s.

Since Lithium is the lightest metal, using lithium ions made batteries lighter.

The lithium-ion batteries were launched commercially by Sony and Asahi Kasei Corporation in 1991.

Today, the race is on among the stakeholders to find a battery that can let users enjoy time on their devices without worrying about the charge.

Researchers from the University of Alberta recently developed a new battery technology that could provide 10 times more charge capacity compared to the lithium-ion power packs.

This battery technology utilizes silicon nanoparticles as an electrode for the lithium-ion batteries. Silicon is abundant, and the substance only costs around a third of the price of high-purity graphite, which sells for more than $10,000 per metric ton.

Going forward, smartphones will sport graphene batteries that charge swiftly, and will mark a quantum leap from the fast charging technologies and the current default of lithium-ion batteries.

Technology Entrepreneur speaking
Elon Musk, a technology entrepreneur in the above picture. IANS

When it comes to electric cars, Elon Musk-run Tesla has achieved great deal of efficacy in this field and is now aiming to create a lithium-ion battery that can run a car or an electric truck for over 16 lakh kms.

Current Tesla cars can achieve about 8 lakh kms out of their batteries before they face any serious problem.

A new research paper from Dalhousie University in Nova Scotia, Canada has claimed the Jeff Dahn-led team is close to creating a lithium-ion battery that can run a car for over 1 million (over 16 lakh) miles.

For more than a decade, Tesla engineers have been obsessed with making the world’s most efficient electric vehicles.

As a result, Tesla vehicles already travel farther on a single charge than any other production EV on the market.

Model S and Model X cars can achieve nearly 600 kms and 525 kms per charge on a 100 kWh battery pack.

Tesla’s choice of cylindrical cells sets it apart from other EV players. The company also uses a liquid-cooled thermal management system to manage battery temperatures whereas other automakers take a more economical air-cooling approach.

By adjusting the temperature of the battery pack, Tesla is able to ensure that cells are operating in their most efficient and optimal states, thereby maximizing battery longevity as well as performance.

It has been argued that lithium will be one of the main objects of geopolitical competition in a world running on renewable energy and dependent on batteries.

Current research areas for lithium-ion batteries include life extension, energy density, safety, cost reduction and charging speed, among others.

 ALSO READ: US: Infections from Three Sexually Transmitted Diseases Hit New Highs for Fifth Consecutive Year

Research has also been under way in the area of non-flammable electrolytes as a pathway to increased safety based on the flammability and volatility of the organic solvents used in the typical electrolyte. (IANS)