About a month ago, Tesla’s panel began looking for a replacement for Elon Musk as CEO, according to a new report, as investors ‘ share prices fell and critics erred, which is expected to be expected.
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According to resources with knowledge of the situation, Tesla board members silently began contacting professional search companies to set up a proper method for finding Musk’s probable successor.  ,
Tesla’s table met with Musk for a briefing about that day. According to people with the meeting, committee members told him that he needed to spend more time with Tesla, the paper reported Wednesday night. And he had to make that clear in front of everyone.
Musk told traders he would soon return to his career at Tesla after the company announced its first-quarter revenue had fallen by 7 % last week.
On a conference call about income, he said, “I’ll be dedicating much more of my day to Tesla.”
According to those who were informed of the discussions, the panel narrowed its focus to a significant research company. The recent state of the inheritance planning was unable to be established. Additionally, it’s unclear whether Musk, who is also a panel member on Tesla, was conscious of the initiative or whether succession planning has been affected by his commitment to spend more time at Tesla. Musk did not respond to comments on the website.
Trump thanked Musk for his leadership of the authorities on Wednesday during a cabinet meet. Trump said,” You know you’re invited to stay as long as you want.” ” I guess he wants to return home to his vehicles,” he said.
So it’s unclear whether Musk’s renewed interest in Tesla may cause the board’s passive succession planning to be put off or forever. However, one thing is clear: Without Musk’s unwavering vision, the business doesn’t remain where it is now. Musk is Tesla, not just the leader. He defied Wall Street’s expectations and created a product that transformed electric cars from a novelty into a world standard. The Tesla Model Y was the most popular vehicle worldwide last month. It was also the best-selling vehicle nevertheless, and not just the best-selling electric vehicle.
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What his departure may think is beyond the option. This CEO move wouldn’t be typical. It would cause a tectonic shift. Tesla would be shaken by Musk’s exit in much the same way Steve Jobs ‘ damage affected Apple—deeply, painfully, and perhaps permanently. He is more than just a solution or hero. He is the driving force behind the company’s technology, the open face of its most ambitious goals, and the only one with the guts to take the risks that led to Tesla becoming what it is.
You can’t change that with a smooth resume and a trustworthy pair of hands. The committee may begin sifting through search firm dossiers, but let’s face it, Elon Musk is not out there waiting. Never at Tesla, and not anywhere else.
This is also well-known to other people.
I simply bought the new Model Y, which I hope to be picking up this trip because I believe what Musk has done with Tesla.
Had Musk really be so careless to leave the board? It’s difficult to imagine. Tesla’s share has risen since the committee began looking into a succession program about a month ago, partly as a result of signs that Musk is refocusing his energies on the business. In other words, they received exactly what they wanted: Tesla’s second-guessing.
That single suggests that the board comprehends how important he is. And if there was any fear left, the business would get rid of it. The Wall Street Journal report that was published by Tesla’s share dropped sharply after it was published, a sure sign that Musk is a must-have for investors.
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Tesla stock, Â $ TSLA, dropped by over -4 % in overnight trading as WSJ reported that the company’s board has begun a search for a CEO to replace Elon Musk.
Whether or not it is correct, I think removing Elon Musk would be a bad idea.
Tesla has not yet made an offical speech.
What are your thoughts? photograph. twitter.com/a9zOxI92kr
— The Market Matrix ( @MarketMatrixs ) May 1, 2025
Let’s see what happens, then. The table might have been trying to push Musk back to the business.
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