Tesla board members reached out about a month ago to several executive search firms to find a successor to chief executive Elon Musk, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.
The current status of the board’s push, which, according to the report, was sparked by Musk’s heavy involvement with the Trump administration, could not be determined, WSJ said.
Elon Musk and Donald Trump in a Tesla at the White House.Credit: AP
Musk last week said he would cut back significantly on the time he devotes to the Trump administration and spend more time running Tesla.
Musk’s work at his Department of Government Efficiency (DOGE), where he has led efforts to cut federal jobs, has been one of the most controversial aspects of the Trump presidency, and his time away from Tesla has been an additional concern for investors as sales of its ageing EV line-up have been on the decline.
His embrace of far-right politics in Europe has also led to protests against Musk and the company as well as vandalism at its showrooms and charging stations across the US and Europe.
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The board members met Musk and asked him to acknowledge publicly that he would spend more time at Tesla, the report said.
But it was unclear if Musk – also a member of the board – was aware of succession planning, or if his pledge to spend more time at Tesla has affected the efforts, the report added.
Tesla and Musk did not immediately respond to Reuters’ requests for comment.
