Tesla's Board Quietly Searches for Musk's Successor

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10 hours ago

Summary

Tesla's board is searching for a potential successor to CEO Elon Musk; this comes amid declining sales and profits, as well as concerns about Musk's divided attention; Musk has told investors he will spend more time on Tesla starting in May.

Key Points

Tesla's board started searching for a potential successor to CEO Elon Musk about a month ago;
The search effort was met with mixed reactions from investors and consumers;
Musk has told investors he will allocate far more time to Tesla starting in May;

Why It Matters

This move highlights the challenges Tesla faces as it navigates declining sales and profits, as well as concerns about Musk's divided attention.

Author

Connie Loizos, Sean O'Kane

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