Tesla's board reportedly sought a successor while Musk wheeled around Washington
a year ago
- #Tesla
- #Elon Musk
- #Succession Planning
- Tesla's board began searching for Elon Musk's successor amid company struggles.
- Board members urged Musk to focus more on Tesla, which he agreed to.
- Tesla faced its first annual sales decline in over a decade, partly due to Musk's political activities.
- Tesla's market value dropped significantly from $1.5 trillion to about $900 billion.
- Despite a 71% profit decline and 9% revenue drop, Musk remains optimistic about Tesla's future.
- The status of Tesla's succession planning is currently unclear.