Tesla board opened search for a CEO to succeed Elon Musk, WSJ reports

Reuters

Wed, Apr 30, 2025, 6:19 PM 1 min read

(Reuters) -Tesla committee members astir a period agone reached retired to respective enforcement hunt firms to find a successor for CEO Elon Musk, the Wall Street Journal reported connected Wednesday, citing radical acquainted with the discussions.

The existent presumption of the board's push, which, according to the report, was sparked by Musk's dense engagement with the Trump administration, could not beryllium determined, WSJ said.

Musk past week said helium would chopped backmost importantly the clip helium devotes to the Trump medication and walk much clip moving his galore companies.

That follows wide capitalist disapproval for his enactment astatine the Department of Government Efficiency (DOGE), wherever helium has led efforts to chopped national jobs, portion income of Tesla's aging EV lineup person been connected the decline.

His clasp of far-right authorities successful Europe has besides led to protests against Musk and the institution arsenic good arsenic vandalism astatine its showrooms and charging stations crossed the U.S. and Europe.

The committee members met Musk and asked him to admit publically that helium would walk much clip astatine Tesla, the study said.

But it was unclear if Musk - besides a subordinate of the committee - was alert of succession planning, oregon if his pledge to walk much clip astatine Tesla has affected the efforts, the study added.

Tesla and Musk did not instantly respond to Reuters' requests for comment.

(Reporting by Bipasha Dey successful Bengaluru; Editing by Alan Barona and Christopher Cushing)