Tesla board initiated search for Elon Musk replacement amid sliding sales and stock price, report says

It turns out Tesla Inc.'s sinking stock price and electric vehicle sales over the last few months might not be the only reasons Elon Musk has opted to spend less time in Washington, D.C., and more time on his duties as the Austin-based company's CEO. According to The Wall Street Journal, Tesla board members met with Musk about a month ago and told him he needed to devote more energy to Tesla — and they also reached out "to several executive search firms" to begin the formal process of finding…

May 1, 2025 - 04:35
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Tesla board initiated search for Elon Musk replacement amid sliding sales and stock price, report says
It turns out Tesla Inc.'s sinking stock price and electric vehicle sales over the last few months might not be the only reasons Elon Musk has opted to spend less time in Washington, D.C., and more time on his duties as the Austin-based company's CEO. According to The Wall Street Journal, Tesla board members met with Musk about a month ago and told him he needed to devote more energy to Tesla — and they also reached out "to several executive search firms" to begin the formal process of finding…