(Reuters) -Tesla board members a couple of month in the past reached out to a number of government search companies to discover a successor for CEO Elon Musk, the Wall Avenue Journal reported on Wednesday, citing folks accustomed to the discussions.
The present standing of the board’s push, which, based on the report, was sparked by Musk’s heavy involvement with the Trump administration, couldn’t be decided, WSJ mentioned.
Musk final week mentioned he would in the reduction of considerably the time he devotes to the Trump administration and spend extra time operating his many firms.
That follows widespread investor criticism for his work on the Division of Authorities Effectivity (DOGE), the place he has led efforts to chop federal jobs, whereas gross sales of Tesla’s growing older EV lineup have been on the decline.
His embrace of far-right politics in Europe has additionally led to protests in opposition to Musk and the corporate in addition to vandalism at its showrooms and charging stations throughout the U.S. and Europe.
The board members met Musk and requested him to acknowledge publicly that he would spend extra time at Tesla, the report mentioned.
Nevertheless it was unclear if Musk – additionally a member of the board – was conscious of succession planning, or if his pledge to spend extra time at Tesla has affected the efforts, the report added.
Tesla and Musk didn’t instantly reply to Reuters’ requests for remark.
(Reporting by Bipasha Dey in Bengaluru; Enhancing by Alan Barona and Christopher Cushing)
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