James Murdoch has become the favourite to succeed Elon Musk as the chairman of Tesla, which must replace the electric car maker’s founder in the role by the middle of next month.
Mr Musk agreed to leave the role as part of a settlement with the Securities and Exchange Commission over claims he broke securities laws in August with a tweet saying he had “funding secured” to take Tesla private. He will stay on as chief executive.
Two people briefed on the discussions said that Mr Murdoch, a non-executive director of Tesla, was the lead candidate to be chairman. Another person said external options were being considered.
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