James Murdoch has become the favorite to succeed Elon Musk as the chairman of Tesla, which has to replace the electric carmaker’s founder in the role by the middle of next month. (FT)
Murdoch will soon be stepping down as chief executive of 21st Century Fox. (Mediaite)
Musk agreed to step down as chairman of the auto company in late September as part of a settlement with the SEC. The government watchdog had gone after Musk over his stated vow to take the company private. (Deadline)
According to the Financial Times, Murdoch is said to be interested in taking the job. However, the FT also cited an anonymous source as saying that “external options were still being considered.” Tesla also must appoint two additional independent directors under the SEC agreement. (Variety)