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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, CEO of SpaceX. Wikimedia

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

Tesla Set to Increase the Price of its Full Self-driving Option

It is also unclear if all new Tesla vehicles are getting the new computer

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

Electric Vehicle (EV) maker Tesla is set to increase the price of its Full Self-Driving option from May 1.

“Please note that the price of the Tesla Full Self-Driving option will increase substantially over time,” Elon Musk, CEO, Tesla, tweeted late on Saturday.

Musk, however, didn’t provide a specific figure. While responding to a question on Twitter, he said the increase would be “something like” around the $3,000 plus figure.

The full self-driving currently costs $5,000.

Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

The announcement of price increase comes as Tesla is introducing its new full self-driving computer that entered production earlier this month.

It is also unclear if all new Tesla vehicles are getting the new computer.

Also Read- Tech Giant Apple Slammed for Blocking Tiananmen-linked Songs

Tesla refuses to confirm this, but the automaker maintains that it will offer computer retrofits to all owners who have bought the full self-driving option, which Musk says will increase in price next month, according to the Electrek. (IANS)