Tesla wants to replace Elon Musk from the company's management and forces her departure from the White House

The Tesla electric car company has searched for a new general manager against the background of the controversial shares and movements made by Elon Musk within the Trump Administration.

Elon Musk and Donald Trump Photo: X

US President Donald Trump praised Musk for his activity within the Department for government efficiency ”(Doge), then claiming that he might want to”to return home to his cars“It seems that during this time, Tesla was looking for a new leader, after Musk spent the last two decades as CEO, according to The Wall Street Journal, quoted by the Daily Mail.

In recent months, Tesla board members have contacted several directors recruitment companies to develop a formal process of searching for a new CEO. The discussions started against the background of intensifying tensions inside the company, due to decreased income, as well as the fact that Musk focuses too much on his Washington activities.

Thus, Musk would have been asked by the company's Board of Directors to make a public statement that would promise that he would return to his daily job or, in case he refuses, will lose it. Subsequently, the billionaire announced that he will dedicate “much more from time to Tesla”, according to the quoted source.

It is not clear, however, how far the searches arrived, but anonymous sources said that Tesla was decided on a certain company to find Musk's replacement.

Tesla sales have dropped vertiginously

The profits of the car manufacturer in the first quarter decreased by 71%, obtaining $ 409 million, compared to $ 1.4 billion in the same period last year.

Wall Street was expecting better performance, and investors are clearly more and more restless. The shares of the company decreased by almost 40 % of the value in January, when Musk began to be the head of Dogs and to be seen everywhere with Donald Trump.

In the Telephone Conference on Tesla earnings in the first quarter, investors said what they want from CEO.

“Can Elon offer assurances that, at some point in the near future, will he end with Doge and politics? Many Tesla shareholders want them to reprioritize their time and effort to engineering“, An investor asked, during the discussion, Musk said:”Starting from May allocated for Dogs will decrease significantly”.

Musk acknowledged that his incursions into politics have affected his company for the moment, although he added that the global economy was to blame.

Tesla is largely credited for increasing the popularity of electric vehicles, which represents over nine percent of the annual sales of new vehicles in the US. Musk's involvement in politics, spending millions of euros for President Donald Trump's campaign and supporting far -right candidates in Europe, took many of the buyers. Also, there have been numerous protests, several showrooms and Tesla loading stations being targets of causes caused. Against the backdrop of these dissatisfaction, Tesla sales have dropped vertiginously.

Whom Tesla blames for its difficulties

However, Tesla remains the best -selling electric vehicle brand in the US and the most valuable car manufacturer after market capitalization.

The best -selling Tesla models – model Y and model 3 – have just received some updates. Cybertruck, which was launched at the end of 2023, quickly became the best-selling electric pick-up in the US.

But the range of models gets old. Global competitors, including Chinese brands byD, Nio, Xpeng and Zeekr, have massively modernized their battery and interior technology. Byd has just launched a car that he claims can charge the battery in a third of the time needed for a tesla.

In a report on the results of the company, Tesla blamed for his difficulties on the changing commercial policies of President Trump and a global sensitive supply chain.

“The uncertainty in the car and energy markets continues to increase, because the rapid evolution of commercial policy has a negative impact on the global supply chain and the structure of Tesla costs and our colleagues”, Reported the company in its results.