Musk denies James Murdoch taking over as Tesla’s Chairman

Tesla constantly tweaks its Autopilot system in updates prompting complaints from some owners over unwanted changes

SuppliedTesla constantly tweaks its Autopilot system in updates prompting complaints from some owners over unwanted changes

Elon Musk might be branching out into a very different sector of business in the near future: his company, Tesla, has filed an application with the U.S. Patent and Trademark Office to trademark the word "Teslaquila", per a report by CNBC.

Murdoch, who is a non-executive director of Tesla, had signaled he wants the job, the report said. Whoever it is, will find himself (or herself) in a position where they may just be called upon to act as a counterweight to Musk's excesses.

Elon Musk has denied a report in the Financial Times that James Murdoch is poised to replace him as chairman of Tesla.

Musk, in response to the FT story, tweeted, "This is incorrect".

"The phrase originated as an April Fools" prank in which Musk tweeted that Tesla was going bankrupt. Of course, that does not mean that Murdoch is out of the race altogether, merely that he is not a Musk favorite.

It is emphasized that Musk now holds Executive and representative functions, and it will continue to remain the Chairman of the Board, i.e. the Executive head of Tesla.

James Murdoch, who serves as a director on Tesla's board, is set to end his innings as 21st Century Fox's CEO.

A bibliophile and a business enthusiast. The company's quarterly revenue was up 43.5% compared to the same quarter last year. equities research analysts expect that Tesla will post -10.77 EPS for the current year.

Musk agreed to step down as chairman of Tesla's board for three years as part of a settlement with the SEC, which brought charges against Musk in late August for his now-infamous "funding secured" tweet, though he will remain CEO.

The report also says external options are also being considered.

Considering a broad choice of candidates was important, said Dieter Waizenegger, executive director of CtW Investment Group, because "Investors should really be wary about the board making the easy choice here" in opting for Murdoch.

Mr Murdoch is now chief executive of the U.S. media giant 21st Century Fox, but he will step down after the firm completes the sale of much of its business to Walt Disney. He posted an image of what a Teslaquila bottle might look like, complete with a logo inspired by Tesla's design scheme and incorporating lightning bolts. During the same quarter past year, the company earned ($1.33) earnings per share. "The company needs some added stability at the top to win back investor confidence". (TSLA) and the electric vehicle maker's CEO Elon Musk have reaffirmed that they are happy with the terms of their previously agreed settlement and have urged a federal judge to get it approved as soon as possible. Board members include his brother Kimbal Musk and long-term friend and investor Antonio Gracias.

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