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Elon Musk Scales Back White House Role to Refocus on Tesla

On the same day Tesla reported a 71% drop in earnings, Elon Musk revealed he would be stepping away from his government duties to refocus his efforts on the company.
Following discussions urging Musk to dedicate greater attention to the company’s issues, Tesla’s board initiated a search for a successor to the CEO position.
Tesla experienced its worst-ever sales drop causing a massive profit decline amid controversy and protests affecting buyer interest.
Musk owns 410 million Tesla shares, about 12.8% outstanding, and analysts led by Dan Ives praised his recommitment as CEO for the next five years.
The board is no longer actively seeking Musk’s replacement, signaling a resolution to the leadership uncertainty despite the company’s recent turmoil.

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The Register

Center

Dems ask tough questions about DOGE as Musk departs

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5 hours ago

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The Hindu

Lean Left

Trump praises Musk as business tycoon eyes exit to focus on Tesla

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10 hours ago·India

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Business Insider

Lean Left

Elon Musk says DOGE is 'a way of life, like Buddhism' and could last until 2029

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10 hours ago·United States

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Ars Technica

Center

Tesla and Elon Musk deny WSJ report that Tesla opened search for new CEO

Tesla board contacted exec search firms to find Musk replacement, WSJ reports.

11 hours ago·United States

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Entrepreneur

Lean Right

Elon Musk and Tesla's Board Chair Refute Report That EV Maker Is Looking for a New CEO: 'Absolutely False'

Tesla CEO Elon Musk and Robyn Denholm, chair of Tesla's board of directors, denied a report that Tesla was searching for a new CEO. Read more about Tesla, here.

12 hours ago·San Francisco, United States

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Inside EVs

Lean Left

Tesla In 'Panic Mode' After Report Of New CEO Search

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12 hours ago

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