Tesla Inc TSLA has hired David Misler, a former Securities and Exchange Commission and U.S. Department of Justice attorney, as its Managing Counsel, CNBC reported, citing the executive’s LinkedIn update.
What Happened: Misler joined Tesla in October and is based in Washington, District of Columbia.
He previously held the position of a trial attorney with the SEC for a little over two years, as per his professional profile on LinkedIn. Misler had also served as a federal prosecutor focused on fraud and public corruption between 2013 till 2019.
A month ago, Misler shared details of his professional journey so far and the latest move on LinkedIn.
See Also: Elon Musk Takes Another Dig At Biden-Harris Administration Over 'Epic Gaslighting' Of Tesla
“Today, a new journey begins. I start at Tesla as a managing counsel for litigation where I will support our important mission of accelerating the world’s transition to sustainable energy.”
Elon Musk, a prolific tweeter, had in 2018 posted a “Taking Tesla Private” tweet that sent the company's share price soaring, which led to SEC subpoenas and lawsuit.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
Why It Matters: Musk continues to be active on social media, taking jabs at President Joe Biden and rivals including Rivian Automotive Inc RIVN and Lucid Group Inc LCID for high valuation, despite past troubles with the SEC.
The electric vehicle maker has also had high-level attrition for the Managing Counsel position in the past.
In December 2019, Jonathan Chang left the company, making it the third such attrition for the general counsel position in a year. Previously, Todd Maron left the company in December 2018 and his successor Dane Butswinkas left the company in February 2019.
The position remained vacant for months as Tesla failed to hire a replacement.
Price Action: Tesla stock closed 1.74% higher at $1,156.87 a share.
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