Tesla's board of directors has begun searching for potential candidates to replace Elon Musk due to concerns over his political role and declining stock prices. Shares have fallen sharply, reflecting investor frustration with Musk's focus on government activities instead of the company. This shift in priorities has damaged Tesla's brand, traditionally recognized for its environmental focus. The board has reached out to executive search firms as tensions rise over sales and profit challenges while Musk has pledged to increase his commitment to the company amidst these issues.
Tesla's board is actively seeking a replacement for CEO Elon Musk amidst declining shares and concerns over his political involvement with the Trump administration.
Musk's role in the Trump administration and the resulting brand damage have raised tensions within Tesla, prompting the board to search for his successor.
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