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Will Elon Musk be removed from Tesla?
Mumbai: The world's richest person Elon Musk is preparing to be removed from the post of CEO of his own company Tesla. The 'Wall Street Journal' has published a report citing anonymous sources. This claim has been made in this report.
The electric car company is currently going through a bad period. Therefore, the company's board has started searching for a new CEO to replace Musk, according to this report. The report also explains that the company's board contacted the firm that appointed the CEO in March. When will Musk be removed from the post? No information has been given in this report.
Why is there discontent?
Tesla has suffered many setbacks in the last few months. Its shares had fallen by up to 45 percent this year. It seems that the Tesla company's board's faith in Musk's leadership has been shaken. Musk is currently very busy with that. After Donald Trump became president of the United States, he has been given a new responsibility. He has to devote a lot of time to the work of the Department of Government Enforcement (DOGE) in the White House.
CNN had reported last week that Tesla's sales and profits had declined. The report made a shocking claim that the company's revenue had fallen by 71 percent. On the same day, Musk announced that he would be leaving government work and returning to Tesla.
Has the company board changed its plan to change the CEO after Musk announced his return to Tesla? The Wall Street Journal did not provide any information about this. The report clarified that Musk and Tesla have not commented on this.
Mumbai: The world's richest person Elon Musk is preparing to be removed from the post of CEO of his own company Tesla. The 'Wall Street Journal' has published a report citing anonymous sources. This claim has been made in this report.
The electric car company is currently going through a bad period. Therefore, the company's board has started searching for a new CEO to replace Musk, according to this report. The report also explains that the company's board contacted the firm that appointed the CEO in March. When will Musk be removed from the post? No information has been given in this report.
Why is there discontent?
Tesla has suffered many setbacks in the last few months. Its shares had fallen by up to 45 percent this year. It seems that the Tesla company's board's faith in Musk's leadership has been shaken. Musk is currently very busy with that. After Donald Trump became president of the United States, he has been given a new responsibility. He has to devote a lot of time to the work of the Department of Government Enforcement (DOGE) in the White House.
CNN had reported last week that Tesla's sales and profits had declined. The report made a shocking claim that the company's revenue had fallen by 71 percent. On the same day, Musk announced that he would be leaving government work and returning to Tesla.
Has the company board changed its plan to change the CEO after Musk announced his return to Tesla? The Wall Street Journal did not provide any information about this. The report clarified that Musk and Tesla have not commented on this.
The electric car company is currently going through a bad period. Therefore, the company's board has started searching for a new CEO to replace Musk, according to this report. The report also explains that the company's board contacted the firm that appointed the CEO in March. When will Musk be removed from the post? No information has been given in this report.
Why is there discontent?
Tesla has suffered many setbacks in the last few months. Its shares had fallen by up to 45 percent this year. It seems that the Tesla company's board's faith in Musk's leadership has been shaken. Musk is currently very busy with that. After Donald Trump became president of the United States, he has been given a new responsibility. He has to devote a lot of time to the work of the Department of Government Enforcement (DOGE) in the White House.
CNN had reported last week that Tesla's sales and profits had declined. The report made a shocking claim that the company's revenue had fallen by 71 percent. On the same day, Musk announced that he would be leaving government work and returning to Tesla.
Has the company board changed its plan to change the CEO after Musk announced his return to Tesla? The Wall Street Journal did not provide any information about this. The report clarified that Musk and Tesla have not commented on this.
