During a speech in Qatar at the Economic Forum in Doha, Tesla CEO Elon Musk has announced that he will lead Tesla for at least another five years.
Musk’s involvement in various organizations, including SpaceX and the White House’s Department of Government Efficiency (DOGE), has raised concerns among investors about whether he is dedicating enough time to Tesla.
Musk stated that “the only things that matter in the long term are autonomy and Optimus,” and “Those overwhelmingly dominate the future of the company’s financial success.”
Regarding his recent pay increase, Musk stated, “The compensation should match that something incredible was done. I’m confident that whatever some activist posing as a judge in Delaware happens to do will not affect the future compensation.”
In April, Musk informed investors that he would step back from his role managing DOGE this month, allowing him to dedicate more time to the car company.
Tesla’s stock price had fallen by as much as 45% this year. The company’s shares increased by 1% in trading following the CEO’s announcement.
By CEO NA Editorial Staff
