U.S. Markets close in 13 mins

Telstra CFO, Robyn Denholm, to Replace Elon Musk as Tesla Chairman

t has been announced that Telstra chief financial officer, Robyn Denholm will replace Elon Musk as Tesla's chairman. Musk's decision to step down comes as part of a settlement with the SEC after the agency accused him of fraud for saying he would take Tesla private and had secured funding. Denholm has served on Tesla's board since 2014 and will begin working at Tesla full time after a six-month notice period with Telstra wraps up.