Tesla investor thinks this is why Musk was reportedly set to be replaced

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Tesla investor thinks this is why Musk was reportedly set to be replaced | CNN Business

^{Published on 2025-05-03 02:00:41 - CNN}

Prominent Tesla investor Ross Gerber reacts to a Wall Street Journal report that Tesla's board in March contacted multiple executive placement firms to begin a search process for a new CEO to replace Elon Musk. Tesla's chair of the board of directors has since called the reporting "absolutely false," in a statement posted to X, stating "the CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead."

Elon Musk's role at Tesla is under scrutiny as shareholders prepare to vote on his compensation package, with concerns about his focus and the company's direction. In a video report by CNN Business, Joanna Gerber discusses the upcoming shareholder meeting where Musk's $56 billion compensation plan is on the ballot. The report highlights the tension between Musk's multiple ventures, including SpaceX and X Corp, and his commitment to Tesla. Some investors are questioning whether Musk's divided attention is impacting Tesla's performance, especially as the company faces increased competition in the electric vehicle market. The video also touches on the broader implications of the vote, suggesting it could set a precedent for executive compensation and corporate governance in the tech industry.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/01/business/video/elon-musk-tesla-board-gerber-digvid ]

N@N

Tesla investor thinks this is why Musk was reportedly set to be replaced | CNN Business