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Tesla’s board reportedly sought a successor while Musk wheeled around Washington
According to a new, brow-raising WSJ report, Tesla's board quietly began searching for Elon Musk's potential successor about a month ago, approaching
According to a new, brow-raising WSJ report, Tesla’s board quietly began searching for Elon Musk’s potential successor about a month ago, approaching executive search firms as the carmaker faced protests, plummeting sales, and shrinking profits while Musk waded into Washington to slash government spending. Board members reportedly met with Musk to express concerns about his divided attention, telling him he needed to spend more time on Tesla and to publicly commit to doing so; per the Journal report, Musk didn’t push back and subsequently told investors he would “allocate far more time to Tesla” starting in May. Musk’s government work led to Tesla’s first annual sales decline in over a decade; it also tarnished the company’s brand image among some consumers due to his political alignment.
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