Tesla New CEO Search: Tesla has started the search for a new CEO, what will happen to Elon Musk?

Tesla New CEO Search: The chair of the world's richest man Elon Musk at Tesla now seems to be in danger. Electric vehicle manufacturer Tesla has officially started the search for a new CEO. A report in the Wall Street Journal has revealed that the company's board is in touch with a large executive search firm for Musk's successor. In such a situation, the question arises whether Elon Musk is going to leave Tesla now.

Why is the search being done?

Investors are increasingly concerned about Tesla's stock market performance and leadership. Recently, Tesla's shares have fallen by about 4%, which is being linked to this report. The company also suffered a setback when it lagged behind Chinese company BYD in terms of electric vehicle sales. This was a big sign for Tesla, as this is the first time the company's sales have seen a decline.

Investors are also concerned that Elon Musk is focusing more on his political activities and other businesses such as X (formerly Twitter) or SpaceX rather than the company. According to the report, some investors feel that Musk's focus is now more on White House politics, which is affecting Tesla's leadership. In such a situation, this move of the board is considered very important for the future of Tesla. By searching for new leadership, the company is trying to handle its falling position and strengthen its hold in global competition.

What will happen to Elon Musk?

If someone else is given the responsibility of CEO in place of Elon Musk, it will be a big turning point in the history of the company. In the coming days, it will be interesting to see in which direction Tesla moves and whether Musk's role is limited to only a visionary founder.

Musk's political engagement and impact on Tesla

Musk's role as the head of the Department of Government Efficiency (DOGE) in the US government has raised concerns among Tesla investors. His political involvement has led to protests and vandalism at Tesla showrooms and charging stations in Europe and the US.

Investors' concerns and the company's future
Tesla investors are concerned due to Musk's political activities and decreasing attention to the company. The company's falling sales and profits have also increased investors' concerns. This initiative of the board could be a turning point for Tesla's future, indicating a possible change in the company's strategy and leadership.

Elon Musk's Net Worth
According to the Bloomberg Billionaire Index, Elon Musk is currently the richest person in the world. If we look at the changes in the World's Top Billionaires List, Elon Musk, the owner of companies like Tesla and SpaceX, is at the top of the list. Elon Musk's Networth is $292.1 billion. Tesla's new CEO will get a salary package of $56 billion as salary, which is equivalent to Rs 4.67 lakh crore.

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