In a surprising move that's sparking buzz in the tech and auto world, Tesla's board has initiated a formal search for a new chief executive, according to WSJ. With the company's stock taking a hit and investors uneasy over Elon Musk's recent focus on U.S. policy matters, board members have teamed up with top executive search firms to kick off the process.
The reports reveal mounting tension as sales and profits continue to falter, casting a spotlight on Tesla's internal dynamics. It's still unclear if Musk, who also sits on the board, is fully aware of this succession plan, or if his pledge to devote more time to Tesla is influencing the process.
Following a rough patch that saw a 71% plunge in first-quarter profit, this move underscores the high stakes in leadership at one of the world's most innovative companies. For tech enthusiasts and young professionals watching these twists and turns, it's a reminder that even giants in the industry must adapt and evolve 🚀.
Stay tuned as we follow Tesla's next steps in reshaping its future!
Reference(s):
cgtn.com
