Tesla-branded tequila `Teslaquila` coming soon: Elon Musk

Eileen GuzmanOct 14, 2018

Financial Times gave fresh fodder to these speculations on Wednesday, when it published an article stating that Twenty-First Century Fox CEO and Tesla board member James Murdoch was leading the race, towards the chairmanship. Musk, who has been Tesla's chairman nearly since its inception, must give up that job as part of a deal with the SEC to resolve securities fraud charges the agency brought against him.

Since the tweet was posted back in August, Tesla has confirmed to investors that it has no plans to go private, despite the series of tweets on Musk's twitter.

Media reports have also thrown names like former Vice President Al Gore and Jim McNerney of Boeing as potential candidates to lead Tesla. (TSLA) and the electric vehicle maker's CEO Elon Musk have reaffirmed that they are happy with the terms of their previously agreed settlement and have urged a federal judge to get it approved as soon as possible.

The settlement allows Musk to remain CEO but requires him to relinquish his role as chairman for at least three years. Tesla's quarterly revenue was up 43.5% compared to the same quarter past year. His brother Lachlan Murdoch will become CEO of "New Fox". However, the FT also cited an anonymous source as saying that "external options were still being considered". He stepped down from the board of Sky Plc on Tuesday following the completion of Comcast Corp's takeover of the broadcaster. Clyde has been working as a freelance journalist for almost a decade having published stories in many print and digital publications including, the Financial Post and the Huff Post Canada.

The newspaper notes that Murdoch intends to leave his position in 21st Century Fox at the conclusion of the sale of assets of the Walt Disney company.

"Elon was found passed out against a Tesla Model 3, surrounded by "Teslaquilla" bottles, the tracks of dried tears still visible on his cheeks". The billionaire had claimed in early August to have secured funding to take Tesla private, sending markets scrambling. Tesla is also required to appoint two new independent directors to its board. The deal with the SEC eased uncertainty over Tesla's future because the agency's lawsuit initially sought to bar Musk from serving as an officer or director of a public company, a prospect that rattled investors.

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