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Musk denies James Murdoch taking over as Tesla's Chairman
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IANS | 11 Oct, 2018
Tesla CEO Elon Musk has denied that James Murdoch, the younger son of
media mogul Rupert Murdoch, is going to replace him at electric car
maker Tesla.
Reacting to a Financial Times report that claimed
James Murdoch was going to join Tesla as Chairman, Musk tweeted on
Thursday that this was not true.
"This is incorrect," tweeted Musk, reacting to the report.
James Murdoch, who serves as a director on Tesla's board, is set to end his innings as 21st Century Fox's CEO.
Media
reports have also thrown names like former Vice President Al Gore and
Jim McNerney of Boeing as potential candidates to lead Tesla.
Coming
under pressure from his lawyers and investors of Tesla, the tech
billionaire on September 29 agreed to step down as Tesla Chairman for
three years and paid a $20 million fine, in a deal with the US stock
market regulatory authority, the Securities and Exchange Commission
(SEC), to resolve securities fraud charges.
Tesla paid another $20 million to the SEC, despite not being charged with fraud.
Musk is still the CEO of Tesla.
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