Why Elon Musk may have reached the end of the road at Tesla
“In real life, he would be dismissed from Tesla, and someone would manage the company, Ross says Ross Gerber, the first investor to call Musk.
“If he’s going to do politics, then he shouldn’t be the general manager. There’s a lot of work to be done in Tesla.”
Political attention distributing elements
Most investors said that they want Musk to be responsible for the company, but they want it to decide full -time. Despite his frequent discussions, he is known as a unique talented manager who repeatedly challenges his doubts.
Sales may fall, but the company is moving with the launch of driverless taxi trips in the United States, a business that Musk says Tesla is the future of Tesla.
In May, a group of shareholders asked Tesla’s board of directors to commit to the company for 40 hours a week at the company.
Last week, Linda Yaccarino, the general manager of X, resigned two years later when Musk’s behavior was regularly weakened.Credit: Bloomberg
“The current crisis in Tesla sharply focuses on long -term problems caused by the CEO’s absence in the company, which has been strengthened by a committee that seems to be greatly indifferent and reluctant to take action,” he said.
At that time, Musk accepted concerns by promising to return the White House’s work in the Government Efficiency Department and to his work, including Rocket Company SpaceX and Social Network X X.
However, he promises to end the saliva with Trump and America’s two -party system.
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On Monday, Tesla’s shares reorganized questions about Musk’s commitment to Tesla, the launch of the American Party.
James Fishback, a Trump -backed investment manager, asked Tesla to force Musk to clarify his political ambitions to the board of directors.
“This [running a party] It is a full -time job, and the question is whether this full -time work is compatible with full -time work as Tesla General Manager. ”
“When Elon deviates from his basic competence and does himself destructive things, the stock price rightly reacts.”
Although individual shareholders are dissatisfied, they have little effect on musk. The company’s board will be officially responsible for expelling it if it comes, it contains a few musk ally.
Tesla sales are falling worldwide. Credit: Bloomberg
In May, Robyn Denholm, the head of the company, quickly Wall Street Journal Report that the company has started looking for successor. And last year, the majority of the shareholders supported a payment package of $ 56 billion for the general manager.
Who can replace Musk?
As the company’s largest shareholder, it will be a difficult task to change Musk, which will continue to be actively involved.
Last week, Linda Yaccarino, the general manager of X, resigned two years later when Musk’s behavior was regularly weakened.
The most likely candidate will be an inside like the company’s former technology chief JB Straubel or Tesla’s chief designer Franz von Holzhausen.
Musk would make it at any attempt to change it. He said he wanted to operate Tesla for another five years and that he would be the most valuable company in the world.
When the Wall Street analyst called him on the board last week, Musk said, “Close your jaw, dan”.
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But a long time ago, it would be a profanity to question whether Musk was the right man to rule Tesla. He continues to argue today.
Telegraph, London
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