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Board members have reached out to several executive search firms to develop a formal process for finding Tesla next CEO. Read further on Dynamite News
Elon Musk
Washington DC: The Board of Directors of car automaker Tesla has begun a search for a successor to Elon Musk as CEO amid falling stock prices, as reported in the media. This search is also attributed to the investor dissatisfaction with Musk's focus on the White House.
Board members have reached out to several executive search firms to develop a formal process for finding Tesla next CEO, the report noted.
A person with a meme showing Will Smith wrote, “Everything Trump touches dies. Tesla is looking for a new CEO. Musk may be out of a job with Tesla. It couldn't have happened to a more deserving m**on. Elon is done and Donald doesn't want him around anymore. Just today he said it was time Elon got back to his cars!”
Another person wrote, “Tesla board has opened search to look for a new CEO to succeed Elon Musk as per WSJ. This news very well explains why investors did not receive filing for Tesla 2025 Annual Shareholders Meeting.”
Elon Musk is a businessman who is widely known for his leadership of Tesla, SpaceX and X, has been a senior advisor to US President Donald Trump and the Head of the Department of Government Efficiency since 2025.
Musk is considered the wealthiest person in the world for quite sometime. As of March 2025, according to Forbes, his net worth is about US$345 billion. He was also named Time magazine's Person of the Year in 2021.
Musk was born in Pretoria, South Africa to a wealthy family. In 1989 he emigrated to Canada.
Musk graduated from the University of Pennsylvania US. After that he moved to California to pursue business ventures. In 1995, Musk co-founded the software company Zip2. Later in 1999 he sold it out and co-founded X.com, an online payment company that later merged to form PayPal. In 2002 PayPal was acquired by eBay. It was this year that Musk became a US citizen.
In 2002, Musk founded SpaceX and became its CEO and Chief Engineer. In 2004 Musk joined the automaker Tesla as an early investor and became its CEO and product architect in 2008. In 2015, Musk co-founded OpenAI to advance artificial intelligence research but after sometime he left it.
In 2022, Musk got the social network Twitter and rebranding it as X in 2023.
In January 2025, he was appointed Head of newly created Department of Government Efficiency (DOGE) by President Trump.
