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Exchange Rates 08.11.2018 analysis

The newly appointed chairman of the board of directors of the manufacturer of electric vehicles Tesla was Robin Denholm, who previously headed the finances of Telstra Corp. Ltd, Australia's largest telecommunications operator.

The founder and CEO of Tesla, Elon Musk, resigned as part of an agreement with the United States Securities and Exchange Commission (SEC).

The transition period will last for six months, during which E. Musk will help the new manager to take over Tesla's management, since R. Denholm has to work out his contract at Telstra.

At today's auction, as of 14:44 London time, the value of Tesla shares rose by 2.08%, reaching $ 348.16, the price maximum since mid-August this year.

Performed by R Agafonov,
Analytical expert
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