Tesla: James Murdoch firming as chairman candidate

Murdoch heir rumored to be in line for Tesla chair Musk denies in 4:20 tweet

Murdoch is said to be interested in taking the job, according to the report.

A few days after the September 29 settlement, Musk dubbed the SEC the "Shortseller Enrichment Commission" in a tweet and sarcastically praised the agency's work.

Terms of the settlement also require "implementation of mandatory procedures to oversee and preapprove Mr. Musk's Tesla-related written communications that reasonably could contain information material to the company or its shareholders", and goes on to demand an "experienced securities lawyer" who will enforce and approve Musk's communications - including tweets. This was despite the CEO mocking the SEC just one week after they first agreed to the settlement.

Tesla shares rose 1.10% in pre-market-trading.

Tesla is on the right path to overtake BMW (bmwyy) in the final quarter of this year as well, analyst Jean Baptiste Su wrote. A federal judge is due to review the settlement on Thursday. Musk got into hot water with the USA regulator following his August 7 tweet claiming that he had "funding secured" for a buyout of the tech company at $420 per share.

He resigned from the board of Sky this week, following Comcast's successful bid for the European satellite broadcaster. The deal with the SEC eased uncertainty over Tesla's future because the agency's lawsuit initially sought to bar Musk from serving as an officer or director of a public company, a prospect that rattled investors.

Tesla CEO Elon Musk has denied that James Murdoch, the younger son of media mogul Rupert Murdoch, is going to replace him at electric vehicle maker Tesla.

The tech billionaire tweeted out a gag photo of himself, saying he was "passed out against a Tesla Model 3, surrounded by "Teslaquilla" bottles, the tracks of dried tears still visible on his cheeks", holding a cardboard sign with the word "Bankwupt" scrawled across it.

Murdoch, the CEO of Twenty-First Century Fox Inc. and a Tesla board member, is the lead candidate for the job, the Financial Times said, citing two people briefed on the discussions.

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