The Virgin Group co-founder Richard Branson has put US$3 million towards the new competition, which will incentivise the production of more environmentally sound air-conditioners.
Denholm is currently Head of Strategy and Chief Financial Officer at Australian telco giant Telstra. She will move into the Tesla role full-time after serving a six-month notice period at Telstra.
Proposition C, which was supported by Salesforce CEO Marc Benioff, has become law in San Francisco and will apply to companies with an annual revenue of more than US$50 million.
More than 1,400 of the UK's top lawyers have written to Theresa May's government to urge it to hold a second Brexit referendum.
The Australian Cricketers Association' (ACA) has called for bans on Steve Smith, Dave Warner and Cameron Bancroft to be reduced. The plea has found support from former players.
Thousands of employees at the search engine behemoth have protested what they see as lenient treatment of executives accused of sexual assaults.
Shares in Facebook finished up 3.8% after the company's Q3 earnings call.
The world's wealthiest man's fortune has plunged to US$127.6 billion after Amazon's third-quarter earnings call.
Only nine women featured in the top 100 of the Financial Review's Young Rich List, which features the wealthiest self-made Australians.
Tesla's shares were up by more than 12% after unexpectedly reporting a third-quarter profit at its earnings call on 24 October local time.