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Elon Musk Is Committing to Five More Years as Tesla CEO

In Entrepreneur
May 21, 2025

Elon Musk’s new five -year plan makes him stay in Tesla.

In an interview at the Bloomberg Qatarg Economic Forum on Tuesday, the Tesla CEO said it is committed to staying in the electric vehicle manufacturer in the coming years.

Related: A Tesla executive received a record payment package, and is not Elon Musk

When asked if he will continue to lead the company in five years, he said: “Yes, no doubt about that.”

CNBC reports that Musk Gallina maintains its position as CEO of Tesla for Mintain “sufficient voting control” about the company to avoid activist investors.

“It’s not a money thing,” Musk said. “It is easily a control thing about the future of the company.”

Related: With Tesla he dropped 71% in net income, Elon Musk says he will spend less time in Doge

Tesla’s sales have fallen by 13% in the first three months of this year, marking the greatest quarterly fall in Tesla’s history. Only profits have been looted by 71%. The income of the EV manufacturer also fell 9% year after year.

Musk is currently the richest person in the world, with a net worm of $ 376 billion at the time of publication, according to the Bloomberg billionaire index.