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James Murdoch Isn’t Taking Over Tesla: Elon Musk

Musk is still the CEO of Tesla.

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Elon Musk
Elon Musk, CEO of SpaceX and Tesla. Wikimedia Commons

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

Reacting to a Financial Times report that claimed James Murdoch was going to join Tesla as Chairman, Musk tweeted on Thursday that this was not true.

Tesla CEO Elon musk
Elon Musk agrees to step down as Chairman (VOA)

“This is incorrect,” tweeted Musk, reacting to the report.

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

Media reports have also thrown names like former Vice President Al Gore and Jim McNerney of Boeing as potential candidates to lead Tesla.

tesla, maezawa, elon musk
Tesla has become the most valuable American carmaker, with its stock worth more than $50 billion. Pixabay

Coming under pressure from his lawyers and investors of Tesla, the tech billionaire on September 29 agreed to step down as Tesla Chairman for three years and paid a $20 million fine, in a deal with the US stock market regulatory authority, the Securities and Exchange Commission (SEC), to resolve securities fraud charges.

Also Read: Tesla Launches a New Programme That Lets You Send Images Into Space

Tesla paid another $20 million to the SEC, despite not being charged with fraud.

Musk is still the CEO of Tesla. (IANS)

Next Story

Amazon Looks Forward To Expand its Prescription Drug Delivery Business

The retail giant had purchased online pharmacy PillPack in 2018, a year after reports came out that it was looking to enter the healthcare industry

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Business
Amazon reportedly filed its applications on January 9, in what could've been one of the earliest steps it took to start a pharmacy business and medicine delivery in countries other than the US. VOA

Amazon is looking to expanding its prescription drug delivery business likely to be called Amazon Pharmacy, to countries like the UK, Canada and Australia.

The e-commerce titan has applied for a trademark on the name “Amazon Pharmacy” in Canada, the UK and Australia, according to CNBC.

Amazon reportedly filed its applications on January 9, in what could’ve been one of the earliest steps it took to start medicine delivery in countries other than the US, Engadget reported on Wednesday.

The retail giant had purchased online pharmacy PillPack in 2018, a year after reports came out that it was looking to enter the healthcare industry.

Business
Amazon is looking to expanding its prescription drug delivery business likely to be called Amazon Pharmacy, to countries like the UK, Canada and Australia. Pixabay

PillPack is a medicine delivery service catering to customers who need to take multiple daily medications.

ALSO READ: Tips to Take Better Care of Your Eyes if You Look at Screen All Day

A few months after the acquisition was announced, the tech giant changed PillPack’s branding to “PillPack by Amazon Pharmacy”, the Engadget report added. (IANS)