Elon Musk denies being replaced by James Murdoch as Tesla chairman

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 Timesreport as the lead candidate to succeed Musk, according to two sources who spoke with the newspaper.

SEE ALSO: SpaceX lands its first rocket on West Coast ground

Musk remarked simply that the report was "incorrect" on Twitter.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

This Tweet is currently unavailable. It might be loading or has been removed.

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

As part of Musk's settlement with the Securities and Exchange Commission (SEC) over his tweet announcing a plan to take Tesla private at $420 a share -- which some assumed was a weed-related wink, although Musk denies that, too -- he's coughed up $20 million as a penalty. Additionally, he's relinquishing his chairmanship of Tesla, where he'll sit out for three years, but remain CEO.

Tesla's search is very much on for a new chairman, with Bloomberg reporting that names like former Vice President Al Gore, Jim McNerney of Boeing, and Alan Mulally of Ford Motor Company have been floated as potential candidates.

Who knows? Perhaps it could be a job for you.

---

Featured Video For You

---

Nightmares Fear Factory continues to serve us amazing haunted-house reaction photos

---