Murdoch wants to replace Musk as chairman of Tesla


James Murdoch, the son of media mogul Rupert Murdoch is in pole position to succeed Elon Musk as chairman of Tesla, according to the Financial Times.

The British business newspaper Financial Times gets two people who are aware of the discussions on the appointment to appoint Murdoch as candidate number one to chair the board of directors of Tesla. The son of the well-known media mogul Rupert Murdoch has been an independent director at Tesla since last year.

Musk himself would prefer Antonio Gracias, another director at the car manufacturer. But the arrival of an outsider is also not yet ruled out. None of the people involved wanted to respond to the Financial Times.

Stock watchdog bites

The US stock market watchdog SEC forced Musk to take a step back after his tweet on August 7 in which he said he had found enough money to get Tesla out of the stock market. The CEO may not be a chairman of the Tesla board for three years. And two new, independent directors must also be added to that council, which is now populated by business associates and a brother of Musk.

The deadline for the replacement is mid-November, but can be extended at the request of Musk.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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