New Tesla director Larry Ellison is a friend of Elon Musk. Will he stand up to the mercurial CEO?

Big decisions at Tesla tend to spark controversy. That was the case Friday, when the company named Oracle’s Larry Ellison to its board of directors.

Ellison was one of two “independent” directors required to be added to Tesla’s board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk. Also named was Kathleen Wilson-Thompson, who heads human resources at Walgreens Boots Alliance.

Musk got into trouble with the Securities and Exchange Commission in early August for tweeting he had “funding secured” to take the electric car company private at $420 per share. Shares shot up 11%, then fell as it became clear the claim had no substance.

Charged with fraud, Musk settled with the SEC without admitting guilt. Tesla was required to name two new independent directors to its board as part of the deal, replace Musk as chairman, and oversee Musk’s public communications. (Board member Robyn Denholm, an Australian telecommunications executive, was named chairman in November.)

Read the entire article at LAtimes.com