Elon Musk‘s new five-year plan has him staying at Tesla.
In an interview at Bloomberg’s Qatar Financial Discussion board on Tuesday, Tesla’s CEO stated that he’s dedicated to staying on the electrical automobile maker for years to come back.
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When requested if he’ll nonetheless be main the corporate in 5 years, he said: “Sure, little doubt about that in any respect.”
CNBC reports that Musk needs to maintain his place as Tesla’s CEO to take care of “adequate voting management” over the corporate to keep away from activist buyers.
“It is not a cash factor,” Musk stated. “It is a cheap management factor over the way forward for the corporate.”
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Tesla’s sales have dropped 13% within the first three months of this yr, marking the largest quarterly drop in Tesla’s historical past. Internet earnings have plunged by 71%. The EV maker’s income additionally fell 9% year-over-year.
Musk is at present the richest person in the world, with a internet value of $376 billion at press time, per the Bloomberg Billionaire Index.
