Thursday July 18, 2019
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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.

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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)

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Why You Need a Car Accident Lawyer

It’s worth understanding that these insurance companies have large legal teams that begin assessing damages

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In unfortunate circumstances, however, serious injury or death may occur with long term consequences for victims or loved ones. Pixabay

Most of us have been involved in a car accident at some stage of our lives, and more often than not, it’s a minor inconvenience with little impact on our futures. In unfortunate circumstances, however, serious injury or death may occur with long term consequences for victims or loved ones, and in too many of these cases, people accept the first offer from insurance. It’s worth understanding that these insurance companies have large legal teams that begin assessing damages as soon as a claim is made and whose job is usually to pay as little as possible. It is also essential to understand the weight of damages caused not only presently, but also going forward, which necessitates the experience and skills of reputable representation. Seeking quality representation as early as possible, offers the best chance of fair compensation and can prevent a victim from being left with pain, suffering, expenses, and damages that far outweigh an initial offer.

Specialists, like Florida car accident lawyer, VG Law Group, offer to help a client in many ways. They will first assist in establishing liability. This can take many forms and includes things like collecting evidence, interviewing other parties and witnesses, and listening to your version of events. Of course, the first priority is one’s health, and ensuring proper medical care during recovery will be prioritized, with attention being paid to the documentation of injuries and collecting medical records. Good lawyers will build a full picture to assess the potential for a claim and will also negotiate or win a settlement that is fair and takes into account all future needs caused by an accident. Determining all relevant factors like lost wages, estimated future earning potential, and medical expenses can increase a claim exponentially and limit the already unfortunate circumstances from getting even worse.

Car, Accident, Lawyer
Most of us have been involved in a car accident at some stage of our lives, and more often than not, it’s a minor inconvenience with little impact on our futures. Pixabay

It’s also essential to understand how claims differ between states. Florida, for example, is a no-fault state meaning that the first $10,000 in medical fees will be covered by your own PIP benefits, regardless of who is at fault. This enables immediate medical treatment, which can be extremely helpful but doesn’t guarantee or necessarily take into account future expenses that may occur. You can read more about that here. In instances like this, it would be beneficial to hire Florida car accident lawyer who specializes in personal injury and will ensure the best possible care for their clients.

Also Read- Petting Dogs, Cats Can Improve Students’ Mood: Study

Choosing a personal injury lawyer is a crucial step, to begin with, and what many people aren’t aware of is how vastly they can differ. Some firms, particularly those dealing in large volumes that rely on large advertising budgets are more likely to settle quickly, leaving potential money on the table for their clients so that they can move on to the next case. Alternatively, specialists who have built a reputation through word of mouth and referral, are far more likely to have your best interest at heart and fight as far as necessary to ensure fair compensation.