Tesla has appointed Airbnb co-founder Joseph Gebbia to its board. In a bid to comply with the United States SEC stipulation, the carmaker is filling the vacancy left by Oracle Inc co-founder Larry Ellison departure.

Tesla had planned to thin the number of decision makers on its board but SOC Investment Group filed a complaint that the company was not complying with the 2018 consent decree, which states that it must have two independent board seats.

Joseph Gebbia had recently left his role as chief product office (CPO) at the apartment booking company he cofounded to take an advisory position instead.

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However, it is not clear if the decision to appoint Joseph Gebbia would satisfy the conditions for a more diverse Tesla board. Many sources claim that Joseph Gebbia, just like Ellison, is a close friend of Elon Musk.

Gebbia waived all entitlement to cash compensation and agreed not to take any rewards in forms of stock until July 2023.

In related news, Tesla is holding an event to showcase its humanoid robot, Optimus. Also, the company is expected to tease the future of its self-driving tech and high-end computers. The event is scheduled for September 30 and will be livestreamed on the company’s YouTube channel and its website.

The company’s head Elon Musk is also filing an appeal to have a court overthrow the 2018 consent decree that requires his Tweets to be vetted by a lawyer before it goes up.

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