WILMINGTON, Del. — Elon Musk recently floated the possibility of someone succeeding him as Tesla Inc. chief executive, a board member said Wednesday while testifying in a trial over the CEO’s pay package at the electric-vehicle maker.
The board member, James Murdoch, said Musk in recent months identified a potential successor who could serve as CEO of Tesla.
The comment by Murdoch, who didn’t elaborate, is a sign Musk may be thinking about Tesla’s next chapter. As recently as last year, Musk said Tesla didn’t have a succession plan.
didn’t immediately respond to a request for comment.
Musk, who runs Twitter Inc. and rocket company SpaceX, in addition to Tesla Inc., during the trial said, “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.” He also said he’s been spending the lion’s share of his time recently running the social-media company, which he acquired last month for $44 billion.
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