Kathmandu. Elon Musk, the world’s richest man, is in danger. Electric vehicle manufacturer Tesla has started searching for a new CEO.
Tesla’s stock continues to fall, according to reports in the Wall Street Journal. Some investors are disappointed that Musk is focusing more on the White House than the company.
Tesla lags behind Chinese company BYD in terms of car sales. This is the first time Tesla’s sales have fallen. Therefore, Tesla’s board has started looking for Musk’s successor.
Musk runs many companies, including Tesla. According to the report, more than 20 executives report directly to Musk. These days, Musk is spending a lot of time in Washington. “We saw Musk in an all-party meeting in March months later. ’
The meeting was also broadcast on social network X. Musk tried to convince employees that they would not sell their shares. Musk currently heads the U.S. government’s department of government efficiency. While in this position, he has to work in the White House for 130 days every year.
Now the question is, who will replace Musk in Tesla? However, according to media reports, Musk himself said that no one can take his place. Because no one can explain that Tesla is not only an automobile company but also the future of robotics and automation.
J.B. Straubel is considered to be the frontrunner for the position of Tesla CEO. He is the CEO and co-founder of battery recycler and component manufacturer Redwood Materials. He is also a board member of Tesla. Straubel has been associated with Tesla since its inception. He is one of tesla’s five co-founders.
In addition, Tom Zhu is also in the race to become CEO. He is tesla’s only senior vice president. He graduated from Auckland University of Technology in New Zealand and has an MBA from Duke. Zhu is one of three executives named on Tesla’s website. Stella Lee could also become Tesla’s CEO. She is executive vice president of auto and battery manufacturer BYD and head of the company’s U.S. operations.
The name of John Krafsick, the former CEO of Waymo, is also doing the rounds. Hyundai Motor CEO Jose Munoz is also considered a good candidate for this position. Musk has taken Tesla to a new height. Now it remains to be seen who will take his place and in what direction the company will take. Tesla is the world’s most valuable auto company.
The company’s share price closed 3.38 percent lower on Wednesday, bringing its market capitalization to $ 940.61 billion. It is one of the top 10 companies in the world in terms of market capitalization.
