{
}
Elon Musk's leadership at Tesla is under scrutiny as the company faces declining stock prices and sales. While the board has expressed confidence in Musk, potential internal successors include Tom Zhu, Vaibhav Taneja, and Omead Afshar, with JB Straubel, a co-founder and current board member, seen as a strong external candidate. Any leadership change would require Musk's approval, and analysts suggest that his departure could lead to a more cautious approach in Tesla's bold initiatives.
Tesla has denied a report claiming its board sought to replace Elon Musk as CEO amid declining sales and backlash against his political activities. Chair Robyn Denholm stated the report was false, affirming Musk's leadership and the board's confidence in his ability to drive growth. The denial follows a Wall Street Journal article suggesting board members had contacted headhunters for a successor, raising concerns about Musk's divided attention among his various ventures.
Tesla's board, facing backlash over Elon Musk's excessive $55.8 billion pay package, attempted to validate it through a shareholder vote, which was dismissed by the Delaware Court. As Tesla struggles with declining sales and a tarnished brand, the board is reportedly searching for a new CEO, signaling potential leadership changes amid Musk's controversial tenure.
Tesla's board is reportedly seeking a new CEO as Elon Musk's involvement with the Trump administration raises concerns among investors. Despite Musk's recent commitment to focus more on Tesla, the board's succession planning efforts continue amid declining EV sales and rising competition. Activist investors have criticized the board for its lack of independence, prompting discussions about adding an independent director.
Tesla's board has initiated a search for a new CEO as Elon Musk's involvement with the Trump administration raises concerns among investors. Despite Musk's recent commitment to focus more on Tesla, the board's succession planning efforts remain uncertain amid declining EV sales and rising competition. Activist investors continue to question the board's independence and oversight, particularly regarding board chair Robyn Denholm's controversial pay package.
UBS analyst Joseph Spak has maintained a Sell rating on Tesla (TSLA) with a price target of $225, while the stock closed at $282.76. The analyst consensus is a Hold with an average target of $313.45, indicating a potential upside. Insider sentiment is negative, with a notable increase in share sales among insiders, including a significant sale by Director James Murdoch.
Protests against Elon Musk have escalated, with five arrests at a Manhattan demonstration and vandalism targeting Tesla vehicles, including an arson attack in Las Vegas. Amid a significant stock decline, major investor Ross Gerber has called for Musk to step down as CEO, citing damage to Tesla's reputation and sales. President Trump condemned violence against Teslas, labeling perpetrators as "domestic terrorists," while Musk remains optimistic about the company's long-term prospects.
Tesla board members and executives have sold over $100 million in stock amid a nearly 50% decline in shares since mid-December. Notable sales include James Murdoch's $13 million and Kimbal Musk's $27 million, with transactions often linked to predetermined sales plans. Analysts suggest these moves may reflect personal financial decisions rather than negative outlooks on the company.
James Murdoch
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
potential successors to elon musk as tesla ceo emerge amid challenges
Redwood Materials Inc.
CHN
USA
Kimbal Musk
Robyn Denholm
Bradley Tusk
Ross Gerber
JB Straubel
Tom Zhu
Omead Afshar
Elon Musk
Vaibhav Taneja
Seth Goldstein
James Murdoch
Gene Munster
Show more
11:01 12.05.2025
Tesla board denies report of seeking new CEO amid Musk controversies
10:03 01.05.2025
tesla board faces scrutiny as musk's leadership and pay package come under fire
News Corporation
Tesla, Inc.
CHN
AUS
DEU
USA
Don Burnette
Keith Rupert Murdoch
Steven Bannon
Lachlan Murdoch
Kathaleen McCormick
Elon Musk
James Murdoch
Show more
05:45 01.05.2025
Tesla board seeks new CEO amid Musk's political commitments and investor concerns
03:52 01.05.2025
Tesla board seeks new CEO as Musk focuses on political commitments
Euro
United States Dollar
Tesla, Inc.
USA
Kimbal Musk
Robyn Denholm
JB Straubel
Elon Musk
James Murdoch
Show more
03:23 01.05.2025
ubs maintains sell rating on tesla with price target of 225 dollars
02:09 03.04.2025
protests and vandalism escalate against tesla amid calls for musk to resign
United States Dollar
Tesla, Inc.
USA
Elon Musk
Ross Gerber
Donald Trump
Vaibhav Taneja
Keith Rupert Murdoch
Jay Ritter
Kimbal Musk
James Murdoch
Show more
04:04 19.03.2025
Tesla executives and board members sell over 100 million in stock
Tesla, Inc.
USA
Elon Musk
Donald Trump
Vaibhav Taneja
Seth Goldstein
Keith Rupert Murdoch
Jay Ritter
James Murdoch
Robyn Denholm
Show more
10:09 18.03.2025
Trending
Subcategory
Corporate News
AI Innovations
Industry Trends
Startups & Entrepreneurship
Emerging Startups
Funding Rounds & Investments
Fintech Startups
Venture Capital Investments
Private Equity Deals
Cryptocurrency Trends
Economic Indicators
Retail and Consumer Goods
Cybersecurity Innovations & Tech
Product Launches
Global Trade Developments
AI Applications
Market Analysis and Predictions
Industry Mergers & Acquisitions
Crypto Adoption and Integration
Software Development Trends
Countries:
Companies:
Huawei Technologies CO. Ltd.
NVIDIA Corporation
Nvidia Corporation
Apple Inc.
Google Inc.
Microsoft Corporation
XPeng Inc.
SWIGGY LIMITED
Vecmocon Technologies Ltd.
Emaar Properties PJSC
Deyaar Development PJSC
Maverick Ventures (Israel) 1.5 GP Ltd.
SuperSeed B.V.
Microsoft Corporation Corp.
Toyota Motor Corporation
Berner Kantonalbank AG
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Firefly AB (publ)
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Swiss Franc
British Pound Sterling
Japanese Yen
South African Rand
Filipino Peso
Norwegian Krone
Offshore Chinese Yuan
People: