Tesla’s board reportedly sought a successor while Musk wheeled around Washington
Tesla's board initiated a discreet search for Elon Musk's successor amid declining sales, profits, and protests, while Musk engaged in political activities.
MAIN POINTS
- Tesla's board began searching for Musk's potential successor a month ago.
- The search was prompted by declining sales, shrinking profits, and protests.
- Executive search firms were approached to find a suitable candidate.
- Musk's political involvement raised concerns among board members.
TAKEAWAYS
- Tesla's leadership stability is under scrutiny due to current challenges.
- The board is proactively planning for potential leadership changes.
- Musk's political actions may impact his role at Tesla.
- The company's future strategy might shift with new leadership.