Elon Musk gave a vague answer when asked if he plans to step back at Tesla in the next 3 years [Business Insider]
Tesla, Inc. (TSLA)
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Source: Business Insider
Musk previously said he wants to maintain a certain level of control to keep growing Tesla. Elon Musk didn't give a straight answer on Tuesday when asked if he plans to take a step back from Tesla in the coming years. The Tesla CEO was speaking on a call that followed the company's first-quarter earnings report , which came as the electric vehicle maker deals with a decline in sales. The report showed Tesla fell short of expectations in profits and revenue in Q1 of 2024 but did better than estimated in net gross. During the call, Toni Sacconaghi, a Wall Street analyst at Bernstein, asked about Musk's future involvement with Tesla, noting the billionaire is currently leading several companies. In addition to serving as CEO of Tesla and SpaceX, Musk is also the owner and CTO of X, formerly known as Twitter, and the owner and founder of The Boring Company. "You're leading many important companies right now," Sacconaghi said. "Maybe you can just talk about where your heart is at
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