During an interview at Bloomberg's Qatar Economic Forum, Elon Musk confirmed his commitment to Tesla, stating he will continue as CEO for at least the next five years. This decision comes amid significant declines in Tesla's sales and net profits, with a 13% drop in sales and a staggering 71% decline in net profits reported over the first quarter of the year. Musk emphasized that his staying in charge is not motivated by financial gain but by a desire for control over Tesla's direction and to resist activist investors.
When asked if he will still be leading the company in five years, he said: "Yes, no doubt about that at all."
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