Elon Musk has identified a potential successor, Tesla CEO board member says

James Murdoch, a Tesla director, said Wednesday that CEO Elon Musk has identified someone as a potential successor at the helm of the electric-car maker in recent months.

Urdoch, who did not name the potential successor, testified in a lawsuit about Musk’s 2018 Tesla payments package.

When a plaintiff’s attorney asked him to confirm that Musk had never identified anyone as a potential successor to the CEO, Murdoch said, “Indeed he has,” adding that it had happened in the “last few months.”

It was not clear how specific the conversation about the succession was. When asked about the succession plan at Tesla’s August shareholder meeting, Musk said, “I intend to stay with Tesla for as long as I can be useful.”

He also said: “We have a very talented team here. So I think Tesla would continue to do very well even if I were abducted by aliens or maybe returned to my home planet.”

Some Tesla investors are concerned about Musk’s ability to focus on his role as CEO of the world’s most valuable automaker now that he’s running Twitter after a protracted buyout he was trying to scrap.

On Monday, Musk said he’s been working all night at Twitter’s San Francisco headquarters and will “work and sleep here” until the social media platform — which he recently acquired for $44 billion — is fixed.

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

Murdoch also said Tesla’s audit committee is monitoring the Twitter situation and said the committee had been in talks about letting some Tesla engineers work at Twitter.

“Most of the work I understand has been done. It was a short-term assignment,” he said, adding that the work was “paid.”

“The Audit Committee has said that if it’s affecting Tesla’s work, we also need to be very aware of that and we don’t want that to happen.”

He also said Musk asked some team leaders if they were interested in helping Twitter.

Earlier in the day, Musk acknowledged that some Tesla engineers helped evaluate Twitter’s engineering teams, but said it was done on a “voluntary basis” and “after hours.”

https://www.independent.ie/news/elon-musk-has-identified-potential-successor-as-tesla-ceo-board-member-says-42150637.html Elon Musk has identified a potential successor, Tesla CEO board member says

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button