Elon Musk hits back: James Murdoch is not the lead candidate for Tesla chairman spot

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It’s 4:20 p.m., which means Tesla CEO Elon Musk might be tweeting.

This time, the billionaire entrepreneur’s tweet debunked a Financial Times article from Wednesday that reported Twenty-First Century Fox CEO and Tesla board member James Murdoch was the lead candidate to take Musk’s chairman spot. Musk agreed in a September 29th settlement with the U.S. Securities and Exchange Commission to step down as chairman within 45 days. Musk, who didn’t not admit wrongdoing under the settlement, was also fined $20 million. Tesla was also fined and the company agreed to other conditions, including adding two independent board members. 

Musk tweeted that the report is “incorrect.”

The FT report, which cited unnamed people who were briefed on the chairman discussions, also noted Musk


Read full article » https://techcrunch.com/2018/10/10/elon-musk-hits-back-james-murdoch-is-not-the-lead-candidate-for-tesla-chairman-spot/

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