Tesla announced two new additions to its board on Friday: Kellogg alum Kathleen Wilson-Thompson and Oracle co-founder and CTO Larry Ellison, who has described himself as a close pal of Elon Musk.

The two join the board as part of the settlement Tesla and Musk reached with the U.S. Securities and Exchange Commission (SEC) over Musk's bananas "420" tweet about taking Tesla private. The settlement required, among other things, that the electric car company bring on two new independent directors.

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