Elon Musk Extends Stay as Tesla CEO for 5 More Years

Tesla’s Elon Musk has reaffirmed his commitment to the company as CEO, extending his tenure for another five years. This announcement fueled a rise in Tesla shares of 1.6% on May 20, 2025, demonstrating the market’s positive response to his long-term involvement. While overall US markets experienced declines across indices like Dow Jones, S&P 500 and Nasdaq, Tesla stock saw increased gains, highlighting investor confidence in Musk’s leadership stability.