Tesla Inc (NASDAQ: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.
“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 (NASDAQ:RIVN) and Lucid Group Inc (NASDAQ: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.