Elon Musk. Photo: REUTERS/Nathan Howard
Jakarta - Elon Musk, the CEO of Tesla, has publicly dismissed rumors that he might be ousted from his position. During a recent interview at the Qatar Economic Forum, Musk affirmed his commitment to lead Tesla for the next five years.
"Yes, there is no doubt about that," Musk stated, as reported by CNBC on Wednesday, May 21, 2025. This declaration comes amidst discussions that suggested a potential leadership change at Tesla, raising concerns among investors about Musk’s dedication to the company, especially given his increasing political engagements in the U.S. government.
Musk emphasized his desire to maintain substantial control over Tesla, indicating that his motivations were driven not by financial interests but by a need for governance stability. "This isn't about money. It's about having a reasonable amount of control over the future of the company," he explained. His comments were likely influenced by his active role as a senior advisor to President Donald Trump in leading the Department of Government Efficiency (DOGE).
Despite criticisms about his divided attention, Musk has announced plans to reduce his involvement in DOGE by the end of May, aiming to focus more on Tesla while still dedicating one or two days a week to governmental duties.
Tesla has faced financial challenges recently, reporting a significant drop in revenue and net profit—20% and 71%, respectively, in Q1 2025. These downturns are believed to be partially impacted by Musk's governmental responsibilities.
In addition to Tesla, Musk heads other ventures, including SpaceX, xAI, and Neuralink. He also hinted at the possibility of Starlink, Tesla's satellite internet service, becoming a publicly listed independent company in the future. "There is a chance Starlink could go public in the future," Musk commented.
As Tesla navigates through challenging times, Musk's commitment to steer the electric vehicle giant for the foreseeable future remains firm.
