Tesla’s board of directors has reportedly initiated a formal search for a new chief executive officer to replace Elon Musk, according to sources cited by *The Wall Street Journal* on Thursday.
The decision follows growing investor unease over Musk's increasing focus on political ambitions, particularly his ties to the White House, amid a continued decline in Tesla's stock performance.
Sources familiar with the matter said the board has engaged multiple executive search firms to begin the process of identifying a suitable successor.
While no final decision has been made, the move signals the board’s effort to stabilize leadership and address concerns about Musk’s divided attention.
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