The carmaker announces the biggest change in its board makeup since Tesla's founding with a late Friday release, when equity markets were closed for Passover and Good Friday.
Steve Jurvetson, a former partner at the venture capital firm Draper Fisher Jurvetson, has been absent from Tesla's board since late 2017.Jurvetson, a long-time heavyweight in Silicon Valley’s venture capital world as cofounder of Draper Fisher Jurvetson, has been absent from Tesla board meetings since late 2017, when he also left his former investment firm due to a sexual harassment investigation.
Buss has been a board member since 2009, and was also CFO for SolarCity, a Musk-bankrolled company that Tesla acquired in 2007. Gracias is a long-time friend who’s backed Musk since his PayPal days through his firm Valor Equity Partners and bought the second Tesla Roadster ever produced in 2008. He’s also been targeted by activist investors who want him off the board because of those close ties. Rice, who led the Johnson Publishing Co.
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