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Tim Pearce | Reporter of energy
Tesla's general counsel, Dane Butswinkas, is leaving his position in the electric car business after just two months of work, Reuters reported.
The former attorney general is one of dozens of Tesla executives to have left the company in the last two years, according to Reuters Wednesday.
Butswinkas leaves the company to assume his former role as Tesla's external consultant at the Williams & Connolly law firm. Tesla's vice president of law, Jonathan Chang, will replace Butswinkas.
Butswinkas joined Tesla in December as the company sought to negotiate a settlement with the US Securities and Exchange Commission after CEO Elon Musk announced plans to take the company at a private price of $ 420. per share, claim which he then rejected. (LINKS: This is how Elon Musk landed and Tesla in the kennel of the Fed)
Musk agreed to pay a $ 20 million fine and resign as chairman of Tesla for three years after the legal battle between the federal government and Tesla. The settlement also provided for the company to pay $ 20 million. The $ 40 million fine will be distributed to Tesla shareholders affected by the announcement of Musk.
The high business figure and the federal inquiry hit the company as Musk continued to increase production of the Tesla Model 3 sedan. The CEO is striving to bring the electric car builder to make his first annual profit.
A Tesla Model 3 car is on display at a media preview at Auto China Auto Show 2018 in Beijing, China on April 25, 2018. REUTERS / Jason Lee
Butswinkas' departure came on the heels of Musk's announcement on Wednesday that his company would produce autonomous cars in the coming year.
"I think we'll have a full feature in full self-driving this year, which means that the car can find you on a parking lot, take care of you, drive you to your destination without intervention from you this year." Musk told Cathie Wood of ARK Invest and Tasha Keeney, "I am sure of that, it is not a question mark.
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