James Murdoch, son of Rupert Murdoch and a non-executive Tesla director, is “in line” to replace Elon Musk as chairman of the company, according to the Financial Times. Musk must relinquish the title after settling a fraud case last month with the SEC over tweets.
It’s not a sure thing yet, and the FT says there’s at least one other candidate in contention, but Murdoch is reportedly the favorite. Murdoch is currently the chief executive of 21st Century Fox, though there are plans for him to step down from that role in the wake of the company’s sale to Walt Disney; he was also the chairman of Sky before that company sold to Comcast.
Here’s more from the FT:
Two people briefed on the discussions said…