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Tesla’s board of directors has initiated a search for a potential replacement for Elon Musk as the company’s CEO, according to a new report.

The board members of Tesla reportedly reached out to executive search firms approximately one month ago in order to find a potential successor for CEO Elon Musk, according to sources cited by the Wall Street Journal on Wednesday. The progress and outcome of this search remains uncertain. Tesla is currently experiencing declining sales and profits, which has led investors to be concerned about the impact of Musk’s involvement in federal job cuts at DOGE.

Source: https://www.france24.com/en/americas/20250501-tesla-ceo-elon-musk

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