Tesla chair denies report that EV maker seeks new CEO to replace Musk
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Tesla CEO Elon Musk wears a 'Make America Great Again' hat. —Reuters/ File
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Amid the expanded absence of Elon Musk, discriminatory politics, and the growing investors’ concerns over the sale and profitability of the EV manufacturer, Tesla’s board defends its chief executive expert on Thursday, emphasizing that the board has confidence.
After claiming an article by the Wall Street Journal, the board replied that the board had considered the replacement of the Musk, which the board chair Rubin Danholm denied. Dinholm has set fire to his heavy salary and his inability to make the shares accountable to the owners.
The latest musk drama indicates the unique suspicious Tesla board in their management that it monitors five other companies and recently, primarily focused on advising Republican US President Donald Trump – Tesla’s politically liberal customer. Still, the fortunateness of a company rarely depends on its CEO’s personality, even in Tesla executives, the concept of three people who are aware of the debate about Musk are very dangerous.
Many analysts have almost three-quarters of Tesla’s outsourced stock market value-which is much higher than its current earnings-attributed to the self-driving technology and the Humanoid robot, which the Musk has promised but failed to launch for years.
Tesla Bills has seen Musk as a single talented person who can supply such technologies, especially despite global competition from China, where BYD -led car makers have already flown past Tesla to produce low -cost EVs.
Danholm addressed the loyalty of the canal when he denied the journal report, saying that the board “has a lot of confidence” he could implement “” interesting development plan “.
Development cannot come soon, as the basic principles of Tesla’s automotive business continue to deteriorate. Its EV sales decline has been particularly intense in Europe, where Musk and Trump’s politics have been particularly toxic.
The company’s insiders have advised Musk for years to convert himself into a different way-a top executive told Reuters to hire a high executive as a daily manager while Musk continues as a personality. Other Musk’s companies work like this, especially the rocket maker Space X, where the Guinea Shot Wheel serves as the President and the COO.
Both people said that Musk had permanently refused to do so in Tesla.
“The board will have a lot of difficulty in replacing Musk,” said Brian Molberiri, a client of Zax Investment Management, a Tesla investor, Zax Investment Management. The “incredibly complicated” challenge needs to be filled and financed by Musk’s high shoes.
On a difficult scale of 10, the place of musk, “Eight or Nine” Melberi said, “It will be said that” with his own person who can step into it and he will not always be in the shadow of Elon “.
Managing Partner, Jane Minister, in the Tesla Investor Deep Water Asset Administration, is mandatory to replace the Musk.
He said, “Is Musk greater than Tesla? The answer is yes.”
The board of Musk and Tesla did not respond to the request to comment. At a White House cabinet meeting on Wednesday, Musk needed his critics, and put two Trump’s fan ball hats on his head, reading one “America’s Gulf”.
“They say,” I wear a lot of hats, “Musk said,” Mask said. “That’s true.”
Executive bench
After that, any successor may have to deal with the Musk as a member of the board and the company’s largest shareholder. Currently he has 13 % shares.
Last year, Tesla’s executive bench dilutely diluted when Musk stopped the company for its long -standing purpose to become EV god to focus on robotics, robots and artificial intelligence.
According to three people who are aware of the dialogue between Tesla executives, the departure also included senior leaders who resisted Tesla to remove the basic business of humanitarian cars so much. People said that some of them presented their concerns to the board, which supports canal.
The Managing Partner of the Gary Black-Future Fund, an investor from Tesla, wrote on the Musk’s platform X that the company has no work at home to replace it.
“We do not see anyone (Tesla) with a wide range of technical, strategic and processing skills.”
James Macchi, a private investor in Tesla, said he suspects that the members of the board will go against the Musk because of their influence on their appointments and their extraordinary pay. Macchi acknowledged the dangers of replacement.
“Many value of shares is linked to Elon’s love and the robot has to do everything for us,” he said.
Macrati compared the musky with legendary General Electric CEO Jack Welch, which investors saw as “God”.
“But when he left, it was a card of cards,” he said. “I think maybe the same about Tesla. It’s a good company, but it can be a much better company and its cost is high.”
Zax’s Molberiri said Tesla could succeed with or without musk.
“You have already got a huge range of EVs, you have already found robotics and full self -driving,” he said, referring to Tesla’s driver’s relief technology. “Now it’s just about managing it at a point of completion … Do you really need another wave of innovation from Tesla, or do you just need proper execution?”
