James Murdoch favorite to replace Elon Musk as Tesla chairman – report | Technology

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Murdoch media dynasty son James is the favorite to take over the chairmanship of volatile electric-carmaker Tesla from its embattled founder, Elon Musk.

James Murdoch, son of newspaper, satellite TV and movie studio tycoon Rupert Murdoch, is the outgoing chief executive of 21st Century Fox, and is now the lead candidate for the Tesla chair, the Financial Times reported on Wednesday, citing two people briefed on the discussions.

Tesla and Musk reached a settlement with US financial watchdog the Securities and Exchange Commission (SEC) last month in which they agreed to pay $20m each to financial regulators. Billionaire Musk agreed he would step down as chairman but remain as chief executive officer.

The crisis for Musk, who is regarded as a tech visionary, followed a move that sent markets scrambling, when he tweeted that he was going to take the company private.

There then followed much concern about his…

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