With profits and stock price sinking, board members told Musk he needed to spend more time at company.
About a month ago, with Tesla’s TSLA -3.38%decrease; red down pointing triangle stock sinking and some investors irritated about Elon Musk’s White House focus, Tesla’s board got serious about looking for Musk’s successor.
https://www.wsj.com/business/autos/tesla-musk-ceo-search-board-0ce61af9