"I would still have reservations about the time he would be able to allot to this", Keatinge said, referring to the possibility of Murdoch as Tesla chairman.
Richard Branson told Elon Musk that he needed to delegate more to improve his quality of life outside Tesla. Mr. Musk did not elaborate on the same.
Apart from these reasons, Murdoch will also face a mighty challenge in the face of Musk himself, Reuters notes, saying that "any chairman would have to contend with [Musk's] powerful personality".
James Murdoch joined Tesla's board last year, following years of work at various media companies. He has never led a company which makes cars or electric vehicles.
Musk said that a strong alcoholic drink Teslaquila will be a new brand.
The U.S. Securities and Exchange Commission took legal action against Musk for fraud over his tweets, and the incident clouded the firm's better-than-expected quarterly results in early August, which lifted shares 16 percent in one session.
"Elon Musk is building a great company but has been erratic to say the least when it comes to thinking about his investors", said Chaim Siegel, an analyst at Elazar Advisors.
Tesla shares have been way down in recent weeks due to Musk's battle with the SEC, but it will be interesting to see if the stock rebounds if Tesla does, in fact, turn a profit before the end of the year. Baillie Gifford & Co. lifted its stake in shares of Tesla by 3.1% in the 2nd quarter. The news is just the latest development in a tumultuous year for the CEO. This is reported data of the office for patents and trademarks of the United States. Musk will remain as CEO. It was impossible to locate the creators of the website.
Following his initial tweet, Musk then followed up with a pretty confusing thread of tweets. On November 1, Musk moved to settle the complaint, paying a $20 million fine and agreeing to step down as Tesla chairman within 45 days.
According to the official complaint from the SEC, "In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source".
"The $20 million in penalties will be distributed to harmed investors under a court-approved process". When he's not busy writing, Trevor enjoys canoeing. Clyde is based in Toronto and covers issues affecting his city and province.