Tesla adds Airbnb co-founder Joe Gebbia to board

Joe Gebbia, co-founder of Airbnb and chairman of Airbnb.org, during South By Southwest (SXSW) festival in Austin, Texas, U.S., on Sunday, March 13, 2022.

According to a regulatory filing, Joe Gebbia has joined the board of directors.

The departure of Larry Ellison, the chair and chief technology officer of Oracle, was announced in June and finalized in August.

In order to comply with the terms of a settlement with the Securities and Exchange Commission, Ellison and Wilson-Thompson were added to the board. After Musk said he was considering taking the company private for $420 a share, the SEC charged the company with civil securities fraud.

Adding Gebbia to the board may help keep the conflict with the SEC at bay.

Since its earliest days, Gebbia had been with the company. He stopped working at the short-term rentals in July.

The company's affiliated nonprofit that provides housing to people displaced by natural disasters and global conflicts is chaired by Gebbia.

In the company's filing with the SEC, it was noted that the board has waived entitlement to cash compensation until further notice, and that equity compensation will not be paid until July 23, 2023.

He hasn't been assigned to any of the board committees.

There are other non- executive board members.

• Chair Robyn Denholm
• Ira Ehrenpreis, founder of the venture capital investment firm DBL Partners
• Former Japanese pension fund executive Hiro Mizuno, who is the UN’s special envoy on innovative finance and sustainable investing.
• Media entrepreneur James Murdoch
• Restaurateur Kimbal Musk, who is CEO Elon Musk’s brother.

The SEC and the appointment of Gebbia did not come up in the reply.