The Presidential Daily Brief

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    Tesla Taps New Chairman to Replace Elon Musk

    The electric car company has chosen board member Robyn Denholm to replace the billionaire following his agreement with the Securities and Exchange Commission to step down over allegations that he misled investors. Denholm, chief financial officer of Australian telecommunications firm Telstra Corp., now faces the challenging task of overseeing the mercurial Musk, who will remain as Tesla CEO. He praised his successor as a “significant” contributor to Tesla — where she’s served on the board since 2014 — while the company said Musk would be “a resource” to Denholm.

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