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Top Tesla Investor Says Tesla Is 'Better Run' After Leadership Shuffle: Report

Top Tesla Investor Says Tesla Is 'Better Run' After Leadership Shuffle: Report 3g3h5q

James Anderson, head of global equities for Baillie Gifford told a newspaper that the appointment as chairwoman of Robyn Denholm was a decisive move. 602y5i

By Reuters | Updated: 9 March 2020 10:44 IST

Top Tesla Investor Says Tesla Is 'Better Run' After Leadership Shuffle: Report

Highlights

Tesla’s biggest institutional investor considers it to be better run now
"We thought he was getting things wrong," James Anderson said
Anderson said the appointment of new chairwoman was a decisive move

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Tesla'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. 3a6e2a

"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 since 2014, was a decisive move, according to the report.

Musk to settle fraud charges against him and Tesla.

Tesla and Baillie Gifford did not immediately respond to requests for comment.

In a recent interview with Barron's, Anderson expressed his for Musk, but said "I don't think he needs to be CEO."

© Thomson Reuters 2020

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