Published: Sat, October 13, 2018
Markets | By Otis Pena

Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)

Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)

Musk agreed to pay a $20 million fine, and step aside as Tesla's chairman for three years, to settle charges that could have forced his exit from Tesla.

Seeing all the pressure and scrutiny Elon Musk is under from regulators and investors, it might not seem like the best time to market a Tesla brand of tequila.

The eccentric Tesla CEO - who is in the midst of settling fraud charges with the SEC that nearly cost him control of the electric-car maker - appears to be getting into the liquor business. One of the FT's sources said external candidates were still being considered.

FT additionally reported, citing people familiar with the discussions, that Murdoch "had signaled he wants the job". According to Variety, Murdoch is also mulling the possibility of setting up a technology investment fund, which would presumably dovetail nicely with a Tesla chairmanship.

Murdoch is set to be succeeded by his brother Lachlan Murdoch as Twenty First Century Fox chief executive officer, after the media group completes the sale of bulk of its assets to Walt Disney.

Facebook trims data breach to 29 million users as FBI probes
On September 25, Facebook determined that a spike in activity, identified previously as unusual, represented an attack. Facebook did not rule out the possibility of smaller-scale attacks and said it would continue to investigate.

Since Tesla has until the end of the year to hand out full tax credits, a further rush of orders could drag down the company's already strained production and delivery chain. When the newspaper tweeted it out from its Twitter account, Mr Musk replied underneath: "This is incorrect". The numbers 420 are significant in marijuana culture - as well as in the tweet that cost Musk his chairman post to begin with. The terms of that agreement included Tesla appointing a new independent chairman by the middle of November.

The SEC sued Musk on September 27, alleging that a series of "false and misleading" tweets he made in August about potentially taking Tesla private constituted securities fraud.

Tesla is under scrutiny for failing to produce its Model 3 sedan quickly enough and in sufficient volume to meet customer demand.

Tesla shares plunged the following trading day and closed down 5.1 per cent on April 2.

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