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Investment Wizard Hiromichi Mizuno Joins Tesla’s Board Of Directors

Hiromichi Mizuno has just joined Tesla as both a member of the Board of Directors and a member of the Audit Committee of the Board.

Hiromichi Mizuno has just joined Tesla as both a member of the Board of Directors and a member of the Audit Committee of the Board.

In a recent filing in an SEC Form 8-K, Tesla announced that, “On and effective as of April 23, 2020, the authorized number of directors on the Board of Directors (The “Board”) of Tesla, Inc. (“tesla”) was increased from nine to ten. Hiromichi Mizuno was appointed to serve as a member of the Board as well as a member of the Audit Committee of the Board.”

Mizuno has previously worked with Japan’s Government Pension Investment Fund, where he managed the largest pension investment fund in the world: a fund totaling $1.5 trillion. He was both Executive Managing Director and Chief Investment Officer.

Mizuno’s career in finance and investment has spanned many cities across the globe: Tokyo, London, New York, Hong Kong, and Silicon Valley.

TechCrunch writes that Tesla’s newest board member has a long stance against short selling and is a longtime opponent of it. Mizuno also promoted environmental, social, and good governance practices during his time with Japan’s Government Pension Investment Fund. His gift of challenging short selling is just a sweet bonus for Tesla, since short sellers do more than just short Tesla’s stock — they spend a great deal of time and resources attempting to smear Tesla’s reputation.

Tesla [TSLA] short sellers target Tesla customers on Twitter, harass fans and shareholders, and some have even campaigned against users to the point where Twitter deletes their accounts. (Raises hand.) Muzino’s not popular among those who believe that short selling is good for the market. We’ll see if he has any solutions for the rowdy TSLA short sellers.

For joining the board, Mizuno will receive an initial award of an option to purchase 2,778 shares of Tesla’s common stock on June 18, 2020. And since he will also be serving on the audit committee, he will get another initial award of an option to purchase 4,000 shares of Tesla’s common stock.

This will definitely bode very well for Tesla — both the company and those of us who support it, whether we are shareholders, owners, fans, or all of the above.

 
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Written By

Johnna owns less than one share of $TSLA currently and supports Tesla's mission. She also gardens, collects interesting minerals and can be found on TikTok

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