Tesla General Counsel Leaves Company For Similar Role In AI Startup SambaNova Systems

Tesla General Counsel Leaves Company For Similar Role In AI Startup SambaNova Systems

4 years ago
Anonymous $4bURcB5AtU

https://wccftech.com/tesla-general-counsel-ai-startup-sambanova/

Electric vehicle manufacturer Tesla Inc (NASDAQ:TSLA) has often found itself in face-offs with regulatory authorities. The most famous of these took place when the company's CEO Mr. Elon Musk tweeted that he wanted to take his organization private at a share price of $420. In an email to employees sent on 7th August 2018, Mr. Musk stated that the price would ensure that shareholders in the company got a 20% premium over Tesla's share price after its second-quarter earnings call for the year.

The Securities and Exchange Commission charged Mr. Musk with fraud following the tweet and settled with him and Tesla for a $40 million fine.  As is evident, being Tesla's general counsel is not easy, and now, the company has another vacancy as Jonathan Chang who joined Tesla earlier this year has departed to work for startup SambaNova Systems as the company's new general counsel. Mr. Chang served in a similar role at Tesla.

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