Tesla adds longtime Chipotle executive Jack Hartung to board of directors

Tesla has appointed longtime Chipotle executive Jack Hartung to its board of directors, effective June 1. As part of the board, Hartung will join Tesla's audit committee, the electric vehicle company disclosed in a filing with the U.S. Securities and Exchange Commission on Friday. The addition comes as Tesla battles sinking EV sales and eroding profits, and concerns that CEO Elon Musk is focusing too much attention elsewhere, including in his role leading President Donald Trump's so-called Department of Government Efficiency, or DOGE. The company's stock price is down 14% this year. Musk began his company's earnings call last month by saying that his time spent running DOGE will drop "significantly" by the end of May, though he would still spend one or two days a week on his government work until the end of Trump's term. Hartung, who was known for taking a disciplined approach to Chipotle's finances during the Covid-19 pandemic, will expand Tesla's board to nine members. Airbnb co- ... Read full article.