“Musk Vows to Stay Tesla CEO for 5 More Years – Here’s Why It Matters” (Source: Reuters)
Key Facts (Via Reuters):
- Elon Musk confirmed he’ll remain Tesla’s CEO until at least 2029, shutting down rumors of his exit.
- He said keeping control of Tesla is his top priority (despite stock dropping 15% this year). (Source: Reuters)
- Tesla’s chair denied reports about hunting for his replacement, calling them “false.”
Why This News Hits Hard:
🔥 Investors Relax: Tesla shares briefly jumped 3.3% on his promise.
🚗 Sales Rebound? Musk claims demand is strong except in Europe, where his politics caused backlash.
🤖 AI & Starlink Updates:
- Starlink may go public (but no rush).
- xAI is building the world’s biggest supercomputer (“Colossus”).
The Big Picture:
Musk’s commitment stabilizes Tesla’s future, but challenges like falling deliveries and Model Y delays remain. (Source: Reuters Exclusive)