Elon Musk denies being replaced by James Murdoch as Tesla chairman


From Musk to Murdoch at Tesla? Mr. Musk did not elaborate on the same.

Elon Musk denied he'll be replaced by James Murdoch as Tesla's chairman, an alleged shakeup that was the subject of rumors on Wednesday.

His stepping down from the chairman position is also rumoured to be associated with concerns for his health due the high stress nature of his job.

Murdoch, Tesla and 21st Century Fox were unavailable for comment, according to Reuters. Murdoch is said to be interested in taking the job, according to the report. 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. The first mention of this drink was made in an April fool's joke about the problems on manufacturing of electric cars, and about the destruction of the company.

Elon Musk: visionary leader, or liability for Tesla's legacy? The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Betting suspended on The Everest 12:30pm
Betting on the race was also suspended in the hours from when the draw was held until the results being projected amid fears of a security breach.

"The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk's tweets, a charge that Tesla has agreed to settle", said the SEC in a statement following its ruling.

On Aug. 2, Musk shared his desire to take the company private with the Tesla's Board of Directors, chief financial officer and general counsel. Tesla also must appoint two additional independent directors under the SEC agreement. Tesla's quarterly revenue was up 43.5% compared to the same quarter past year.

Reporting has suggested the tweets, which caused "significant" disruption to the market, was based on a 20 per cent premium over where the stock was trading before Musk's announcement - although pop-culture outlets have suggested it was a "weed joke" created to impress Grimes, Elon Musk's girlfriend. It was impossible to locate the creators of the website. On October 4, days after it appeared he'd moved on to more pressing matters, Musk began criticizing the SEC on Twitter and launching into a rant against investors who short Tesla shares. Mr. Musk was stating this in response to a post as to why he was being impersonated by Twitter bots, to promote cryptocurrency.

The settlement allows Musk to remain as CEO of Tesla.