Tesla Inc's biggest institutional investor considers Tesla to be 'bett...
Visitors view the Tesla Model X electric vehicle at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren
- Tesla Inc’s biggest institutional investor considers Tesla to be “better run” after its regulatory battles following the hiring of independent directors to oversee Chief Executive Officer Elon Musk, the Financial Times reported on Sunday. “We thought he was getting things wrong,” James Anderson, head of global equities for Baillie Gifford, told the newspaper, referring to the company’s founder. “I feel more comfortable now.”
Anderson said the appointment as chairwoman of Robyn Denholm, one of the company’s independent board members since 2014, was a decisive move, according to the report. Tesla named Denholm as board chair in 2018, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Musk to settle fraud charges against him and Tesla.In a recent interview with Barron’s, Anderson expressed his support for Musk, but said “I don’t think he needs to be CEO.”
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