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Musk says he is still committed to being Tesla CEO in 5 years' time

Elon Musk confirmed he commits to being Tesla's CEO for the next five years during an interview at Bloomberg's Qatar Economic Forum on May 20, 2025.
This statement followed reports by The Wall Street Journal that Tesla was seeking a new CEO amid sales slumps, protests, and a 45% stock price drop this year.
Musk emphasized his $56 billion pay package, previously rejected by a Delaware court, was designed to secure voting control to prevent activist investor ousting rather than monetary gain.
Tesla's chair Robyn Denholm and Musk both strongly denied the CEO replacement report, with Musk calling the article a "deliberately false article" violating ethics standards.
Musk's recommitment comes as Tesla faces its largest delivery drop ever at 13% this year and investor concerns over his divided focus due to his work with the White House's Department of Government Efficiency.

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