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Musk says he is still committed to being Tesla CEO in 5 years' time

  • Elon Musk confirmed on May 20, 2025, at Bloomberg's Qatar Economic Forum that he intends to remain Tesla's CEO for the next five years despite challenges.
  • This commitment follows internal and external pressures caused by a $56 billion pay package blocked by a Delaware court and Tesla's declining sales and stock price drops this year.
  • Musk explained his pay package was designed to secure control over company votes and protect against activist investors removing him, not for financial gain.
  • Following reports of a CEO search by Tesla and Musk stepping back from his White House role, Musk denied rumors of leaving Tesla, calling a WSJ article a "DELIBERATELY FALSE ARTICLE" in a public statement.
  • Tesla faces ongoing challenges including a 13% sales plunge, investor concerns about Musk’s divided focus, and intense consumer and stock-price pressures, but Musk reassures continued leadership.
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Forbes broke the news in United States on Tuesday, May 20, 2025.
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