Elon Musk might be getting into the tequila business

Elon Musk might be getting into the tequila business

Elon Musk might be getting into the tequila business

James Murdoch, the son of the media mogul Rupert Murdoch is now being considered to replace Elon Musk as the Tesla chairman, and, according to the Financial Times, now has the best chances of actually getting the job. A federal judge is due to review the settlement on Thursday.

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

Initially rejecting an SEC offer to settle the case, Musk relented two days after the fraud complaint and agreed to resolve the matter by paying the penalty, stepping down as chairman and agreeing to oversight about his communications on company news.

Tesla (TSLA +0.7%) has filed an application with the U.S. Patent and Trademark Office to trademark "Teslaquila" for the potential use of a distilled agave liquor and distilled blue agave liquor.

Elon Musk has toned down his Twitter comments in the week since he appeared to start an ill-advised fight with the Securities and Exchange Commission but broke his relative calm to bat down a report that Tesla board member James Murdoch is likely to succeed him as the electric-car maker's next chairman. Shortly after, Musk tweeted a "visual approximation" of the alcohol, branded with the Tesla's logo and in its signature typeface.

The commission alleged that Mr. Musk hadn't locked up the estimated $50-B that it would have required to complete the deal, and punished him by forcing him out as Tesla's boss.

Also today, The Verge has an interesting view on the Tesla chairman speculation.

Tesla has denied all of those claims, Bloomberg reports.

Musk seemed to confirm this report a few hours later, tweeting, "Teslaquila coming soon ..."

Musk is thought to favor Antonio Gracias, who is an independent director at Tesla and a key investor. Musk's August 7 tweets caused the company's stock price to spike over 6 percent.

Earlier this year, leading US proxy advisers Glass Lewis & Co and Institutional Shareholder Services, and union-affiliated investment adviser CtW Investment Group, had recommended investors cast votes "against" the re-election of Murdoch as a Tesla director at the company's annual meeting held on June 5.

Earlier this year, leading U.S. proxy advisers Glass Lewis & Co and Institutional Shareholder Services, and union-affiliated investment adviser CtW Investment Group, had recommended investors cast votes "against" James Murdoch as a Tesla director at the company's annual meeting held on June 5. The first mention of this drink was made in an April fool's joke about the problems on manufacturing of electric cars, and about the destruction of the company. In addition, he stepped down as chairman of United Kingdom -based satellite TV operator Sky following its sale to Comcast.

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

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.

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