Since January, Tesla's CEO and major owner Elon Musk has been moonlighting as the head of Doge, Donald Trump's newly established unit for massive cuts in the US public sector.
It has turned out to be bad for both Musk's popularity and Tesla's business. During the first months of the year, the electric car manufacturer has seen revenues and stock prices plummet, which has made the board and investors raise an eyebrow – significantly.
In early April, the tensions were said to have become so great that the board seriously began to look for a replacement for the visionary who has led Tesla for nearly 20 years.
Elon Musk was urged to spend more time on Tesla – and make it public. Said and done.
From next month on, I will devote significantly more of my time, said Musk during a call with investors last week.
What the hunt for a replacement has resulted in is unclear, according to WSJ.
