According to the WSJ Report, which raises the eyebrows, Tesla’s board of directors began to quietly search the potential successor of Elon Musk a month ago, and the automaker began to approach management search companies, reducing revenue to reduce sales and profits.
The members of the board of directors said they had to meet Musk and expressed concern about their divided interests, saying they had to spend more time in Tesla and try to do it publicly. According to the journal report, Musk has not pushed back and told investors that it will “allocate more time to Tesla.”
Musk’s government research has led to a decline in Tesla’s annual sales for more than 10 years. Political alignment also damaged the company’s brand image among some consumers. Tesla’s market value has fallen from $ 15 trillion in December to about $ 900 billion.
Despite this challenge, Musk was optimistic about Tesla’s future in an import call last week. The company reported a decrease in profit of 71%and a 9%decline. ”We did not have a warning of death.”
According to the journal, the current state of the succession plan is unclear. It is unclear whether Musk, who has run Tesla for almost 20 years, knows the effort.
