Tesla Board Initiates Search for New CEO, as Elon Musk Faces Pressure to Return Full-Time

The Tesla board has formally begun the process of finding a successor for CEO Elon Musk, amidst mounting pressure from investors and internal concerns about the company’s direction. A recent decline in sales and profit, coupled with Musk’s continued absence from the company, fueled this decision. Discussions around his role have been highly publicized, with board members seeking to ensure his increased focus on Tesla. While Musk initially promised more time commitment, it remains unclear whether these efforts will fully address current challenges.