Tesla (TSLA) appoints Jack Hartung to Board

Tesla (NASDAQ: TSLA) disclosed:

On May 15, 2025, John R. (Jack) Hartung was appointed to serve as a member of the Board of Directors (the “Board”) of Tesla, Inc. (“Tesla”), as well as a member of the Audit Committee of the Board, effective as of June 1, 2025.

A son-in-law of Mr. Hartung has been a non-executive, salaried employee of Tesla since December 2016, and does not share a household with Mr. Hartung. He is currently a Service Technician at Tesla and earned total compensation for fiscal year 2024, including the value of equity incentives, of approximately $124,000. This compensation was determined in accordance with Tesla’s compensation practices applicable to employees with similar qualifications and responsibilities and holding similar positions.

Except as described above, there are no related party transactions between Tesla and Mr. Hartung that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Hartung is eligible to receive compensation pursuant to Tesla’s standard outside director compensation package as previously approved by the Board. However, Mr. Hartung has waived any entitlement to cash compensation, until further notice to Tesla otherwise, and has joined the remainder of our Board in waiving equity compensation until such time as new determinations are made by the Board with respect to equity compensation.

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We are pleased to welcome Jack Hartung to Tesla’s Board of Directors, effective June 1, 2025.

Jack joined Chipotle Mexican Grill, Inc. in 2002 and has held several leadership positions during his tenure. Most recently, Jack has been serving as President and Chief Strategy Officer, and previously served as Chief Financial and Administrative Officer, where he was responsible for all finance and accounting functions as well as supply chain, strategy and safety and asset protection. Over the past 20+ years under Jack’s financial leadership, Chipotle has seen significant growth with over 3,700 restaurants today across the United States, Canada, the United Kingdom, France, Germany, Kuwait and the United Arab Emirates. Jack was named ‘CFO of the Year’ by Orange County Business Journal and Best CFO in the restaurant category by Institutional Investor.

Jack will be retiring from his executive role on June 1st and transition to a senior advisor role with Chipotle. Jack serves on the Board of Directors for Portillo’s Inc., The Honest Company, Inc. and ZocDoc, Inc.

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