Fans may think Elon Musk is unbreakable but Tesla needs to find a successor in case his health fails, an activist investor in the carmaker says
shareholders need Elon Musk to start looking for his potential successor as CEO given the huge levels of stress he's under, according to a major investor in the EV maker.
Musk is the chief executive of three companies at once — Tesla, Twitter and SpaceX — and there's a risk that continuing to juggle those roles could lead to a decline in his health, Ross Gerber told Insider. That's why activist investor Gerber says he's making succession planning a key part of his campaign for a seat on Tesla's board.
"Many of Elon's fans seem to think that he's not human — and I disagree," Gerber said in an interview last week."This enormous level of stress is bad for his health.""I'm worried about his wellbeing and health, regardless of how Tesla is performing.", Tesla shares suffered a record plunge in 2022, in part because its shareholders were fretting about Musk being distracted by the challenges of running Twitter.
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