James Murdoch could take chairman role at Tesla

Consumer Reports found that Cadillac's Super Cruise system did the best job with high-tech capabilities while also ensuring the driver is paying attention

Separately, Musk denied a report in the Financial Times that James Murdoch is poised to replace him as chairman, prolonging the uncertainty over Tesla's leadership after the SEC deal. SEC settlements haven't met much resistance from courts since a judge's decision to reject a settlement between the SEC and Citigroup Inc.

Tesla paid another $20 million to the SEC, despite not being charged with fraud.

Tesla's board has become a source of contention with the SEC and investors, with some viewing it as too close to Mr Musk. Musk has taken to Twitter to dispute the report.

According to the publication, Tesla legal vice president Jonathan Chang testified on Wednesday in a National Labour Relations Board (NLRB) hearing that the automaker's general counsel told him to write new confidentiality agreement for employees in order to "have them renew their vows".

The two billionaires are locked in a space race alongside Amazon CEO Jeff Bezos, but that has not stopped Branson from sharing some friendly words of encouragement. Baillie Gifford & Co. lifted its stake in Tesla by 3.1% during the second quarter. However, Gracias may not be sufficiently independent as he is invested in other companies linked with Musk, including SpaceX.

Musk, in response to the FT story, tweeted, "This is incorrect".

Khashoggi's fiancée says those responsible for disappearance must be held fully accountable
Khashoggi went missing after visiting the Saudi Arabian consulate in Istanbul back on October 2. The market clawed back some of the losses, trading down over 4 percent later on.

"The question when it comes to James Murdoch is, 'Is he the guy who'll be able to establish that level of authority with Elon Musk?'" Abby Adlerman, CEO of Boardspan, a corporate governance consulting company, said. The company would also appoint two new independent directors to its board. Musk's August 7 tweets caused the company's stock price to spike over 6 percent. Another institutional investor, Bailey Gifford, which owns 13.2 million TSLA shares, now stands as Tesla's third-largest shareholder. (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. Prior to that, he had no experience working at vehicle maker companies in particular, or manufacturing in general.

A T. Rowe Price spokesman refused to discuss the company's investment in Tesla.

The 45-year-old Murdoch is a friend of the Tesla founder and boss and has been on the company's board since last year.

Musk is the public face of Tesla, and any chairman would have to contend with his powerful personality.

James Murdoch is now chief executive of 21st Century Fox, but will leave the role when the entertainment giant completes the sale of the majority of its assets to Disney, and will be succeeded by his brother Lachlan.

Related:

  • Sale on for Banksy painting that self-destructed at auction

    Sale on for Banksy painting that self-destructed at auction

    He said the initial feeling in the busy auction hall was "consternation" but then everyone realised it was a prank by the artist. There are voices that claim this unprecedented "instant art world history" is nothing more than a hoax.
    I. Uses Racial Slur To Describe Kanye West, Threatens To Slap Him

    I. Uses Racial Slur To Describe Kanye West, Threatens To Slap Him

    Rapper Kanye West had a few things to say when he stopped by the White House for a visit with President Donald Trump Thursday. He repeatedly mentioned the 13th Amendment to the Constitution, which outlawed slavery. " Kanye West gets it", Trump said.
    GOP Voters Madder, More Likely to Vote Because of Kavanaugh

    GOP Voters Madder, More Likely to Vote Because of Kavanaugh

    McConnell says he thinks the Kavanaugh fight contributed to Republican voters "getting more interested" in the midterm elections. Steve King, R-Iowa, an immigration hard-liner who has often been criticized for statements about whites and minority groups.
  • Brexit to be threat to world economy, says International Monetary Fund

    Brexit to be threat to world economy, says International Monetary Fund

    The report said that aggregate growth in the emerging market and developing economy group stabilised in the first half of 2018. The Trump administration has penalized almost half of all imports from China and has threatened more for the other half.
    Turkey Will Investigate Saudi Consulate After Man Disappears

    Turkey Will Investigate Saudi Consulate After Man Disappears

    Saudi Arabia to allow Turkey to search consulate for Jamal Khashoggi; State Department correspondent Rich Edson reports. Saudi officials insisted he left the building through another exit, but have not provided public evidence to prove it.
    Is Jimmy Butler a Pat Riley type of player — ASK IRA

    Is Jimmy Butler a Pat Riley type of player — ASK IRA

    With Minnesota's ower prepared to move on from his disgruntled All-Star, Miami emerged as the first legitimate suitor for Butler . The Wolves would have been in a position to offer Butler a five-year extension worth $190 million next July.
  • PlayStation 4 Units Are Apparently Being Bricked By A Mysterious Message

    PlayStation 4 Units Are Apparently Being Bricked By A Mysterious Message

    Sony is yet to respond to the reports, but follow the above and you should be safe until a likely security patch is released. I hope anyone that's affected by this can easily reset their factory settings and get back up and running smoothly.
    Harry Kane says he is not concerned about his England goal drought

    Harry Kane says he is not concerned about his England goal drought

    Dier's shot against the post came a minute before the break, with Kane's header off of the bar coming six minutes after. We will change a few players for the upcoming friendly against Jordan. "We have to keep getting in those situations".
    Threatening Hurricane Michael takes aim

    Threatening Hurricane Michael takes aim

    While glad to have a safe place to ride out the storm, she wasn't happy that her home county couldn't provide shelter. The storm could leave wide swaths of the region powerless for weeks, he said. "So certainly, donating here in St.
  • India elected to UN human rights body

    India elected to UN human rights body

    India received 188 votes, the highest polled by any of the 18 countries elected from the 193-member General Assembly . Among the other candidates, Eritrea has obtained 160 votes, Somalia 170 votes and the Bangladesh 178 votes.
    Facebook reveals more details about recent hack that affected 30 million accounts

    Facebook reveals more details about recent hack that affected 30 million accounts

    Facebook says it has since fixed the flaw but it had to also reset the access tokens of around 90 million users post the breach. At that point, Facebook had started investigating the issue, so it wasn't exactly sure which users had actually been impacted.
    'Anti-Israeli protests to continue until end of Gaza siege'

    'Anti-Israeli protests to continue until end of Gaza siege'

    In a statement, the army said troops "spotted a number of assailants who climbed the security fence in the southern Gaza Strip". A group of Palestinian terrorists set off a bomb on the Israel-Gaza Strip border on Friday and attacked a nearby IDF position.

Comments

Latest news

Himalayan storm: Climbers' bodies removed from Nepal mountain
A helicopter was sent to investigate and spotted the bodies, but strong winds prevented the rescue team from retrieving the dead. A group of South Korean climbers and their guides have died on Nepal's Mount Gurja after a violent snowstorm hit their camp.

Manchester United plot third move to sign Aaron Ramsey
Asked if he would give Ramsey a new deal in the circumstances, Wenger replied: 'We tried that before and it still can happen'. The Gunners will take on Leicester City in their next top flight fixture at the Emirates Stadium after the worldwide break.

Umpire Angel Hernandez goes 1-for-4 on replay reviews
New York's bullpen has allowed one run in 10 innings, led by Dellin Betances , Zach Britton and Aroldis Chapman . Jonathan Holder allowed one run in two innings, making him New York's most effective pitcher in the game.

A Soyuz crew makes an emergency landing after rocket fails
All Russian manned space launches have been suspended after the incident, according to Russia's RIA news agency. Russia's TASS news agency said the capsule carrying the two men separated from the troubled rocket safely.

President Donald Trump signs Music Modernization Act into law!
Both Mike Love and Kid Rock , two of Trump's most visible supporters within the music industry, were present at the signing. More news regarding the bill can be read over on The Rolling Stone website (here).

Agency: 11 Baby Bodies Found in Closed Detroit Funeral Home
A cadaver dog from Michigan State Police checked the rest of the building and did not find any more remains, police said. At the time of the discovery, construction was underway to convert the funeral home into a community center.

Trump 'disappointed' in Fed chair Jerome Powell as global stocks tumble
An increase in interest rates makes debt more expensive, while a corresponding decrease can make it cheaper. US President Donald Trump looks on as Federal Reserve Chairman Jerome Powel speaks at the White House .

Senate Dems lose health care vote, hope it's campaign fodder
He said Kavanaugh had been found "innocent" of the charges against him, even though the senators came to no such determination. I believe that the bi-furcation between The Trump Administration and the GOP leaders in the Congress who treated Ms.

Will Smith Teases New 'Aladdin' Movie With First Look At Poster
Aladdin plans to uses these wishes to win over the handsome Princess Jasmine , but the evil Jafar has other plans. We've been waiting a long time to see Will Smith's Genie, but he wasn't in the first look footage.

Samsung Galaxy A9 is the world's first quad-cam smartphone
Samsung's new Galaxy S9 upgrade ad tries to capitalize on Apple's iPhone " battery slowdown" controversy. It will be especially interesting to compare the A9's camera against the A7 and the upcoming Galaxy S10.

Florida comes under a hurricane watch as Michael rapidly strengthens
Wednesday , shortly before making landfall, and then reducing again to tropical storm strength. Florida Governor Rick Scott has declared a state of emergency ahead of Tropical Storm Michael.

Trump says American investigators are in Turkey
MBS said his country will not pay Washington for its own security, saying his oil-rich kingdom was created before the US itself. Turkish officials believed that 59-year-old Khashoggi , also a Washington Post contributor, was murdered inside the consulate.

Storm Callum to hit United Kingdom on morning of Princess Eugenie's royal wedding
It has criticized the royals for using weddings as "PR exercises" and expecting taxpayers to pick up part of the tab. And Eugenie replied by calling her husband-to-be "humble and generous".

Dow Falls 1300 Points In 48 Hours As Market Rout Continues (DJIA)(SPX)
Three of the biggest American banks-JPMorgan Chase, Citigroup, and Wells Fargo-will report their third-quarter results Friday. Treasury and Chinese markets", said Yasuo Sakuma, chief investment officer at Libra Investments, according to Reuters.

Hurricane Michael tears apart Florida towns, 7 dead
On Thursday, Michael was drenching the Carolinas with heavy rains as it headed toward the Atlantic Ocean as a tropical storm. Soon enough, Mexico Beach's emerald waters and sugar-sand beaches were covered in a dark sea of debris, she said.

Other news