U.S. judge approves SEC settlement with Tesla, Musk; shares jump

A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.


Reuters: Business News

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Elon Musk denies being replaced by James Murdoch as Tesla chairman

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Elon Musk denied he’ll be replaced by James Murdoch as Tesla’s chairman, an alleged shakeup that was the subject of rumors on Wednesday.

Murdoch, who’s due to end his stint as 21st Century Fox’s CEO, was named in a Financial Times report as the lead candidate to succeed Musk, according to two sources who spoke with the newspaper.

Musk remarked simply that the report was “incorrect” on Twitter.

This is incorrect

— Elon Musk (@elonmusk) October 10, 2018

The younger son of media mogul Rupert, Murdoch also serves as a director on Tesla’s board, where he has done so since 2017. Read more…

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