Oracle’s Larry Ellison, Walgreens exec join Tesla board to meet SEC demands

Published December 28, 2018 3:26pm ET



Tesla will add Oracle founder Larry Ellison and Walgreens Boots Alliance executive Kathleen Wilson-Thompson as independent directors, positions the company and Chief Executive Officer Elon Musk agreed to create under a settlement with the Securities and Exchange Commission.

Earlier this year, the SEC said Musk misled investors when he tweeted that funding had been secured to take Tesla private at $420 per share, a substantial premium to the electric carmaker’s value at the time.

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