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 car maker for years to return.
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When requested if he’ll nonetheless be main the corporate in 5 years, he stated: “Sure, little question about that in any respect.”
CNBC reviews that Musk desires to maintain his place as Tesla’s CEO to keep up “ample voting management” over the corporate to keep away from activist buyers.
“It isn’t a cash factor,” Musk stated. “It is a cheap management factor over the way forward for the corporate.”
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Tesla’s gross sales have dropped 13% within the first three months of this yr, marking the biggest quarterly drop in Tesla’s historical past. Web earnings have plunged by 71%. The EV maker’s income additionally fell 9% year-over-year.
Musk is at present the richest particular person on this planet, with a web price of $376 billion at press time, per the Bloomberg Billionaire Index.
