According to a new, browse raising Report to WSJTesla’s board quietly began searching for the possible successor of Elon Musk about a month ago, reached the executive search agencies because car makers were facing protests, to reduce government spending in Kasturi Washington while sinking sales and compressing profits.
The members of the board met with Kasturi to express concern over his divided attention, told him that he had to spend more time in Tesla and commit to doing so publicly; According to the journal report, the musk did not press the back and later investors told that he would “allocate more time in Tesla” starting in May “.
The official work of the musk leads Tesla’s first annual sales reduction for more than a decade; It has stigmatized the company’s brand image among some customers because of its political alignment. The impact is faster and fierce: Tesla’s market value in December is currently down to about $ 1.5 trillion dollars to about $ 900 billion.
Despite these challenges, Kasturi seemed optimistic about the future of Tesla during last week’s earning call, where the company said that the company would reduce the profit of 71% and reduce 5% revenue. “We are not on the ragged edge of death,” Kasturi assured investors, “Not even near.”
According to the journal, the current status of the legacy plan remains unclear, which further added that the musk was aware of the effort.