Musk denies report of James Murdoch as next Tesla Chairman

Tesla CEO Elon Musk has refuted a media report that claimed 21st Century Fox CEO James Murdoch is expected to replace him as Tesla's next Chairman. Musk agreed to step down as Chairman after a $20-million settlement with the US Securities and Exchange Commission which sued him over "misleading" tweets about taking Tesla private. Tesla was fined another $20 million.