Murdoch's emergence as the front-runner for the Tesla chairman seat is a turnabout, after he was targeted for removal from Tesla's board as an independent director earlier this year by several proxy adviser groups pushing against his re-election.
Shares of Tesla Inc (NASDAQ:TSLA) have earned an average rating of "Hold" from the thirty-seven brokerages that are covering the company, MarketBeat.com reports.
Murdoch, at a recent Goldman Sachs event, spoke about working with Tesla and Musk. Of course, that does not mean that Murdoch is out of the race altogether, merely that he is not a Musk favorite.
If you wanted to rip off Elon Musk's idea for Tesla-branded tequila, you may be out of luck.
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Congress Threatens Sanctions Against Saudi Arabia over Journalist Disappearance
According to the New York Times , officials in Istanbul believe he was killed on orders from the royal court of Saudi Arabia. According to Ankara there is no evidence to show he left the consulate, while Riyadh claims he left the same day.
On Tuesday, Murdoch resigned from the board of Sky plc, the owner of Sky News, as part of Comcast's takeover of the company, beating 21st Century Fox in an intense bidding war. Ironically, Murdoch joined as part of a bid to bring fresh perspective to a board that's always been perceived as too beholden to (and too slow to rein in) the impulses of the company's controversial CEO.
The settlement requires Tesla to install an independent chairman, among other penalties. According to reports, James Murdoch had indicated that he would be very interested in the job.
While James Murdoch is the current CEO of 21 Century Fox, he will step down from the position after most of its assets are sold to Disney. He posted an image of what a Teslaquila bottle might look like, complete with a logo inspired by Tesla's design scheme and incorporating lightning bolts. The electric vehicle producer reported ($3.06) earnings per share for the quarter, beating the Zacks' consensus estimate of ($3.61) by $0.55.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. A federal judge is due to review the settlement on Thursday. CtW also asked for shareholders to vote against reelecting Antonio Gracias, a private-equity investor, and Kimbal Musk, Musk's cousin.