Billionaire Elon Musk assured Tesla shareholders at an annual meeting in Texas on Tuesday that he would not be stepping down from his position as the company's chief executive.
Panelists discuss whether markets have recovered from the banking crisis and recent Tesla price fluctuations on 'The Claman Countdown.'chief executive of TeslaWhen responding to questions during the company's annual shareholder meeting in Texas, the billionaire touted the company's latest advances and said that rumors about leaving his position were not true.
"Say it ain’t so," one shareholder asked Musk about stepping down as Tesla’s leader. "It ain’t so," he replied without further discussion., called on the company's board to rein in Musk – who has also led Twitter since acquiring it last year – and voiced concerns regarding the direction of Tesla. Musk recently announced his successor, Linda Yaccarino, as chief executive of the social media platform.
Tesla CEO Elon Musk meets with French Minister for the Economy and Finances Bruno Le Maire on the sidelines of the 6th edition of the"Choose France" Summit at the Chateau de Versailles, outside Paris, on May 15, 2023.and other critical aspects of corporate strategy, including the company’s approach to human rights and labor rights, exposes the company to substantial legal, operational and reputational risks, thereby jeopardizing its long-term value," the group wrote.
They urged the board to announce a means to assure that the automaker has a chief executive that "dedicates adequate time and attention to the company" through either a policy or a succession plan and a plan to overhaul the composition of the board including "directors with close ties to the CEO.
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