Skip to main content
Tags: tesla ceo | elon musk successor

Musk Identified Potential Tesla CEO Successor: Director

Musk Identified Potential Tesla CEO Successor: Director
Tesla Chief Executive Officer Elon Musk (Getty Images)

Thursday, 17 November 2022 09:13 AM EST

James Murdoch, a Tesla director, said on Wednesday CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric carmaker.

Murdoch, who did not name the potential successor, was testifying in a trial over Musk's 2018 Tesla pay package.

NO IMMEDIATE PLANS TO LEAVE

When a plaintiff's lawyer asked him to confirm that Musk has never identified someone as a potential successor CEO, Murdoch said, "He actually has," adding that happened in the "last few months."

It was not clear how specific the conversation about successor was. When asked about succession plan at Tesla's shareholders meeting in August, Musk said, "I intend to stay with Tesla as long as I can be useful."

He also said "we do have a very talented team here. So I think Tesla would continue to do very well even if I was kidnapped by aliens or went back to my home planet maybe."

Some Tesla investors are worried about Musk's capacity to focus on his role as CEO of the world's most valuable carmaker now that he has been running Twitter Inc after a protracted buyout that he tried to scrap.

On Monday, Musk said he had worked through the night at Twitter's San Francisco headquarters and would keep "working & sleeping here" until the social media platform - which he recently acquired for $44 billion - was fixed.

He said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company.

MONITORING TWITTER SITUATION

Murdoch also said Tesla's audit committee is monitoring the Twitter situation, saying that the committee had discussions about having some Tesla engineers do work at Twitter.

"Most of the work my understanding is has been done. It was a short-term deployment," he said, adding the work is "paid for."

"The audit committee has said that, if it is taking away from Tesla work, that's something we also have to be very aware of and that we don't want it to be that way."

He also said Musk asked a few team heads to see if they were people interested in helping Twitter.

Musk earlier in the day acknowledged that some Tesla engineers were assisting in evaluating Twitter's engineering teams, but he said it was on a "voluntary basis" and done "after hours."

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
James Murdoch, a Tesla director, said on Wednesday CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric carmaker.
tesla ceo, elon musk successor
392
2022-13-17
Thursday, 17 November 2022 09:13 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved