The Tesla Management Board has begun replacing Elon Musk as CEO after a month's internal pressure and public setback due to its continued lack of company.
This happened when the sales fell, the profit collapsed and the investors lost patience to Elon's obsession with the White House. The board members contacted many top -notch recruitment companies to start the official search of the new CEO Wall Street magazineTo.
Meetings were held behind the scenes. In one of them, directors told Elon that he had to spend more time in Tesla and that he should say so publicly. Elon did not argue. The company had just posted a 71% decline in the first quarter profit.
Elon said to the shareholders about the profits: “From the next month, I will allocate much more time to Tesla.” Days later, President Donald Trump thanked Elon at the office meeting. “You know that you will be invited to stay as long as you want,” Trump said. “I think he wants to get home to his cars.”
Lack of Elon triggered the leadership crisis inside Tesla
Nobody knows whether Elon was aware of the CEO's search or whether his promise changed to Tesla. However, some board members chose the search company. Elon did not answer the questions. The company has not shared anything public.
If a new CEO is called, it would be the end of Elon's two -year reign under the control of the electric car manufacturer. He gave up the chairman in 2018, but remained for everything else.
The board of eight people also wants to add a new independent director. The company's co -founder JB Straubel has met large investors to convince them that Tesla does not collapse. But Elon's political shift came at worst.
In 2024, Tesla's car sales fell for the first time in more than a decade. Price cuts destroyed profit margins. The introduction of Cybertruck was a disaster. It became a joke for their design at the late evening at the exhibitions.
After Trump won the re -election, the Tesla value was up to 1.5 trillion to the dollar. Then it fell to $ 900 billion. Last year, Elon sent someone tired of his immediate job, especially after Delaware's judge rejected his huge salary agreement.
He was known to say he no longer wanted to be the CEO, but he was scared that no one else could push the idea of Tesla, that it was not just a car company, but the future of automation and robotics.
Elon also complained that although he owns 13% of Tesla, he has not been paid for seven years. The Management Board prepared a new compensation committee to resolve it. More than 20 copies are reported directly on the basis of the company's entries.
After the elections, he mostly lived in DC and spent weekends in Mar-a-Lago. When he talked to his employees, it was distant. The staff said for the first time in the month that he was streamed live at the March meeting.
Tesla investors question the management as product problems Mount
At first the staff were happy that Elon was away because they said he was too many of the micromomatic magazines reportTo. But things changed quickly.
Some employees wanted to confirm that Elon still believed in the Tesla mission. In November, Mike Snyder, the leading the sun and energy team, said to his employees: “This has obviously been a turbulent and emotional season, I admit it. Rather, I would be beside Elon Trump rather than the enemy of Trump.”
He told them that Elon still responded to the messages. “People worry that Elon is not engaged or interested, I can assure you that this is not true.”
The leaders also claim that Tesla is now focused on artificial intelligence and robots. The company turns away from its old growth model. The new Cybercab has no pedals or wheel. Optimus Robot is the center of Elon's next square: a $ 30 trillion company. But the business of the main EV is collapsing.
Instead of introducing this year's cheap model, Tesla made cheaper versions of existing ones. Model y got a face lifting in March.
In the meantime, the company tells investors that self -driving services are coming soon. Tesla plans to launch its own lane in Austin by June. Customers can take drivers without driving in YS. It puts them against Waymo and Zoox.
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