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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 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.
Elon Musk's foray into right-wing politics is reportedly alienating potential Tesla customers, leading to a significant drop in sales, particularly in Europe and California. Analysts warn that his political activism could harm the brand, as protests and boycotts emerge against the company, coinciding with a steep decline in Tesla's stock value. Despite some loyal customers remaining, the backlash suggests a growing divide between Musk's political stance and the values of traditional Tesla buyers.
Seth Goldstein
People
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potential successors to elon musk as tesla ceo emerge amid challenges
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