Elon Musk is being sought for replacement

Tesla's Board of Directors has initiated a search for a candidate to replace Elon Musk as CEO. This information was published by the reputable publication The Wall Street Journal, citing informed sources.

According to the publication, the decision was made amid growing investor dissatisfaction with the current state of affairs in the company. Tesla's leadership has already approached several specialized recruitment agencies to launch an official procedure for finding a new leader.

The key factor that prompted such actions was a significant decrease in the company's stock market value, which, according to sources, is directly related to Musk's active political involvement. His increased interest in political issues, especially those concerning the White House, causes serious concern among both investors and Tesla product consumers.

It was previously reported that during the period from April 2 to 14, American tech billionaires suffered combined losses of about 44 billion dollars — partly due to market instability caused by Donald Trump's new tariff proposals. Meanwhile, Musk, contrary to the general trend, managed to increase his fortune by an impressive 26 billion dollars.

In the current ranking of the world's richest people according to Forbes, Musk holds the fourth position, behind Amazon founder Jeff Bezos, LVMH head Bernard Arnault, and Microsoft co-founder Bill Gates.