Musk Contradicts Report of Tesla Replacement
Elon Musk is tweeting again. This time he’s disputing a Financial Times report that James Murdoch, CEO of 21st Century Fox and a Tesla board member, is likely to replace him as chairman. “This is incorrect,” Musk tweeted in response. The shake-up is a requirement of Tesla’s settlement with the Securities and Exchange Commission, which sued the electric carmaker over Musk’s tweet that he’d secured funding to take the firm private. In the settlement, Musk keeps his position as CEO, but Tesla’s board must name a new chair by mid-November.