Elon Musk identifies new CEO for Tesla – report

Elon Musk identifies new CEO for Tesla - report

Weeks after buying Twitter, a court testimony has revealed that Elon Musk has a successor for his position as CEO at Tesla – but there’s no date on when they would take the reins.

Tesla CEO Elon Musk seems to have started is planning his exit from the management of the electric car company.

Independent Tesla board member James Murdoch (above) has testified under oath that Elon Musk has identified a potential successor for the top job, according to a report by the news agency Reuters.

Mr Murdoch’s testimony – son of Australian-American media mogul and billionaire Rupert Murdoch – came during a US court case in which a shareholder is suing Tesla for offering Elon Musk a $55 billion ($82 billion) bonus -dollars) had granted his salary package in 2018.

A lawyer for the plaintiff asked Mr Murdoch to confirm that Elon Musk had never identified a potential successor, to which he replied: “Indeed he has.”

Mr Murdoch added that Mr Musk has identified someone for Tesla’s board of directors as CEO over the “recent months”.

While Tesla’s potential future CEO was not named in the remarks, it does suggest Mr Musk may already have an exit plan.

Another Tesla board member, Ira Ehrenpreis, said the company recognized Mr Musk as a “serial entrepreneur” and suggested the pay package was designed to help keep the CEO at the electric car company for a “long time”. Age.

In October, Mr Musk became the largest shareholder of social media platform Twitter and has spent several weeks at its headquarters, reportedly sleeping in his offices while he restructured the company.

Tesla shares are down nearly 40 percent from September highs, with a number of the company’s shareholders voicing concerns about Mr Musk’s recent business interests.

Ben Zechariah

Ben Zachariah is a veteran Melbourne-based writer and motoring journalist who has worked in the automotive industry for over 15 years. Previously a truck driver, Ben completed his MBA in Finance in early 2021. He is considered an expert in the field of classic car investments.

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