Tesla’s board has begun early discussions with executive search firms to explore potential successors to CEO Elon Musk, according to a report by the Wall Street Journal. The move reflects growing investor concern over Musk’s demanding schedule across multiple companies:
- Some directors, including Tesla co-founder JB Straubel, have been meeting with major investors to reassure them the company is in good hands.
The Wall Street Journal is gate, here are the key points from the piece:
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Tesla board members reached out to search firms last month, sources told the WSJ.
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The talks are described as exploratory and in the early stages.
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Musk currently leads Tesla, SpaceX, and several other ventures.
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Tesla has not commented publicly on the report.
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Succession planning has been a longstanding concern among shareholders, given Musk’s many responsibilities.
Musk’s political activities have caused damage to the brand.
This article was written by Eamonn Sheridan at www.forexlive.com.
