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Cnn
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Elon Musk says that he will remain as CEO of Tesla for the coming years.
During an interview on Tuesday at the Bloomberg Qatar Economic Forum in Doha, Musk was asked if he was determined to be Tesla’s leader for the next five years, and he replied with a “yes”. When he was asked in a follow -up if he had doubts about this plan, he said, “Well, I could die”.
Musk, who also directs other companies, including SpaceX, has spent a lot of time this year working for the initiatives of the Ministry of Efficiency of the Government of the White House (DOGE), which makes nervous investors that he does not devote enough time to Tesla. The sales of the automaker also plunged 13% in the first three months of this year, the highest drop in deliveries in its history.
During the forum, Musk said that his disproportionate salary package in Tesla, including the actions of the automotive company, was supposed to give it control of the company’s votes. A Delaware court had previously rejected Tesla’s plan to assign Musk a package worth $ 56 billion because the company argued that it was necessary to encourage Musk to stay focused on the automaker.
“Compensation should correspond to what something incredible has been done,” he said. “I am convinced that all that a activist pretending to be a judge in Delaware will not affect future remuneration.”
Musk said the remuneration plan was not necessary for its monetary value, but because He wants to remove the possibility that he can be ousted from the company by an activist investor.
The renovation of Musk to Tesla occurs a few weeks after the Wall Street Journal said that the electric vehicle company had taken measures to work on an official process to find a new CEO following recent problems that afflict the company, including sales and events.
However, Musk denied the report, previously published on X, “this is an extremely bad violation of the ethics that the @WSJ would publish a deliberately false article and did not include an unequivocal denial beforehand by the board of directors of Tesla!”
Tesla president Robyn Denholm also said that the report was “absolutely false”.
In April, Musk told investors that he would go back from his role to Doge this month, releasing more time to manage the automotive business. Tesla’s equity rate (TSLA) fell up to 45% this year,, But bounded and is only decreasing by 10%. The company’s shares jumped 1% during negotiations on Tuesday.
