Elon Musk Vows to Stay as Tesla CEO for 5 More Years Amid Sales Slump and Political Controversies
Elon Musk has announced his intention to remain as CEO of Tesla for at least the next five years, despite the company facing significant challenges. In an interview at the Qatar Economic Forum hosted by Bloomberg, Musk emphasized his commitment to Tesla’s future, stating that he plans to maintain control over the company by acquiring more shares, focusing on influence rather than profits.
Tesla is currently experiencing its first annual drop in vehicle deliveries in over a decade, with a notable 45% decline in European sales in January 2025. The company also reported a 71% decrease in profits during the first quarter of the year.
Musk attributes some of the sales decline to his political involvement, including his support for far-right parties in Europe and his role in the Trump administration. He acknowledged that while the company may have lost some left-leaning supporters, it has gained right-leaning ones.
Despite these setbacks, Musk remains optimistic about Tesla’s trajectory, highlighting ongoing advancements in AI, autonomous driving, and the next-generation vehicle platform as key priorities.