About a month ago, with Tesla's stock sliding and some investors irked by Elon Musk spending time at the White House helping President Donald Trump slash federal spending, the board went on the hunt for a potential successor, per the Wall Street Journal.
Board members reached out to several leading executive search firms before zeroing in on a top candidate, marking a formal push to map out life after Musk.
Details on the next steps remain scarce. It's unclear if Musk, a board member himself, was looped in – or if his recent pledge to refocus on Tesla after a swingeing 71% drop in first-quarter profits will halt the search.
As Tesla navigates this leadership limbo, investors and the global EV sector are watching closely. The eventual choice could redefine Tesla's strategy, stock performance, and the broader push for sustainable electric mobility.
Reference(s):
cgtn.com
