SAN FRANCISCO -- Tesla Inc. is losing the general counsel hired in the wake of Elon Musk’s run-in with U.S. securities regulators after just two months on the job. Shares of the electric-car maker declined on the news.
Dane Butswinkas, the Washington trial lawyer who represented Musk in his legal battle with the U.S. Securities and Exchange Commission last fall, will return full-time to his legal practice in Washington, Tesla said in an emailed statement. Jonathan Chang, a vice president in Tesla’s legal department, takes over effective immediately.
Tesla shares fell 1.3 percent in premarket trading to $301.74.
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