James Murdoch, a Tesla Inc director, testified in court on Wednesday that CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric carmaker.
A Tesla electric vehicle is seen through a charging point displayed during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photodirector, testified in court on Wednesday that CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric carmaker.
Murdoch's testimony did not make it clear how specific the conversation about the successor was. Antonio Gracias, a longtime friend of Musk who was also a Tesla board member from 2007 to 2021, testified that there were conversations of finding an "administrative CEO" who oversees sales, finance and human resources "so Musk can focus his time as chief product officer which is his most vital function.
At Tesla's shareholders meeting in August, Musk was asked about succession plan and replied: "I intend to stay with Tesla as long as I can be useful."
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