Alan Musk will leave Tesla? Amid deficit, the company board started searching for a new CEO- report
Preparations are being made to remove the world’s richest man, Elon Musk from the post of CEO of his own company Tesla. Wall Street Journal on Wednesday night citing several unknown sources Printed a report The board of Tesla has started the process of finding a new CEO to replace Alan Musk, the head of this electric car company, which is going through a bad phase. According to the report, the company’s board has approached the firms of CEO placements in March.
Wall Street Journal said it is not clear how long the musc is ready to be removed or whether a new CEO is being discovered to be replaced by them.
Tesla stock shocks, boards angry with Musk?
So the truth is that Tesla has got big shocks, the values of his stock fell to 45% before the widespread surge in the stock market this year. It seems that the board has lost its patience regarding Musk’s leadership amidst the shock. Musk is very busy these days. Ever since the government of President Donald Trump has been formed in the US, Musk has got a new responsibility. He has spent a large part of his time working for the Department of Government Efficiency of the White House.
According to CNN report, Tesla had stated last week that its sales and profit have declined in the first quarter. The company announced that the earnings have reduced by 71%. This was a shocking report. On this day, Musk announced that he would withdraw from his government role and return to Tesla.
Wall Street Journal said it is not clear whether the plan for the new CEO has changed after the announcement of the return of Musk. According to the report, Musk and Tesla did not respond to the request of the comment on it.
Also read: Tesla’s profit dropped 71% and Alan Musk on the backfoot, ready to withdraw from responsibility in Trump government