By 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.
See more: Elon Musk testifies in shareholder lawsuit over Tesla compensation package
Tesla
TSLA,
-3.86%
didn’t immediately respond to a request for comment.
Also: Elon Musk tells Twitter employees to put in ‘long hours at high intensity’ or take severance
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.
An expanded version of this report appears on WSJ.com.
Also popular on WSJ.com:
BlockFi prepares for potential bankruptcy as crypto contagion spreads.
