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5d ago

Tesla Denies CEO Succession Plans as Elon Musk Steps Back from Political Role

Elon Musk and Tesla's board chair refute reports of a CEO search, while Musk commits to refocusing on Tesla amid financial struggles and shareholder unrest.

Le patron de Tesla Elon Musk a joint le geste à la parole, mercredi 30 avril, en se vantant de «porter beaucoup de casquettes».
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Overview

  • The Wall Street Journal reported that Tesla's board is actively seeking a successor for Elon Musk due to concerns over his divided focus and declining company performance.
  • Tesla board chair Robyn Denholm and Elon Musk have publicly denied any CEO search, calling the reports false and unethical.
  • Musk announced he will step back from his role with the Trump administration's Department of Government Efficiency in May to prioritize Tesla's recovery.
  • Tesla's Q1 2025 profit dropped 71% year-over-year, with its stock losing 35% of its value since January, driven by market stagnation and Musk's controversial political associations.
  • Shareholder dissatisfaction has grown, with protests, boycotts, and vandalism targeting Tesla over Musk's political involvement and perceived neglect of the company.