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

  • Elon Musk stated at the Qatar Economic Forum on Tuesday that he is committed to being Tesla's CEO in five years.
  • His recommitment followed intense consumer and stock-price pressure linked to his work with Donald Trump's government and Tesla's Department of Government Efficiency efforts.
  • Musk addressed his Tesla pay package, once valued at $56 billion, emphasizing he sought sufficient voting control rather than financial gain to secure the company's future.
  • He explained that his concern is not about money, but about maintaining appropriate oversight of the company's future, particularly given the plan to produce potentially billions of humanoid robots.
  • Musk plans to reduce political donations and recently announced stepping back from the Department of Government Efficiency to focus more on Tesla amid challenges like a 13% sales drop.
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Forbes broke the news in United States on Tuesday, May 20, 2025.
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