Successor for Elon Musk: Tesla is looking for a new CEO for crisis!

Successor for Elon Musk: Tesla is looking for a new CEO for crisis!

Vienna, Austria - The Tesla board members started the search for a successor to CEO Elon Musk in April 2025. This reports the Vienna , which was contacted several personnel consulting companies, referring to information from the "Wall Street Journal". This decision is made at a time when Tesla's performance is anything but positive.

In the first quarter of 2025, the European manufacturer Association ACEA reported that Tesla's registration figures in the EU car market had dropped by 45 percent compared to the same period last year. Musk itself has announced that they want to spend less time with his tasks as a cost lower in the government from May 2025 in order to concentrate more on Tesla.

financial challenges

The situation at Tesla is tense because the company recorded a decline in profits by 71 percent in the first quarter of 2025. The income was 9 percent, which led to a decline from $ 1.39 billion to $ 409 million. The turnover of sales was also worrying: from $ 21.3 billion, sales were reduced to $ 19.3 billion.

The gross margins dropped from 17.4 percent to 16.3 percent. Despite these negative headlines, investors reacted positively to the company's plans, which led to an increase in stock prices by over 5 percent in post -market trade. However, this happened against the background of a year of more than 40 percent decline.

strategic Initiative and competition

Despite the challenges, Tesla plans to launch a cheaper model Y in the first half of 2025. In addition, a paid, autonomous Robotaxi service in Austin is expected for June 2025, with the aim of using millions of Teslas autonomously up to the second half of the year. Musk is optimistic about the use of Tesla vehicles for personal trips without supervision until the end of the year.

However, there are concerns about the security and reliability of the technology for autonomous driving, which was expressed by analysts like Sam Abuelsamide. In addition, Tesla's driver assistance technology is currently under investigation by the National Highway Traffic Safety Administration. The company also sees growing competition from rivals such as the Chinese electric vehicle manufacturer BYD and European manufacturers.

In addition, Tesla's side area generated, the sale of regulatory credits, income of $ 595 million, which is an increase in comparison to the previous year. Nevertheless, the company warned that tariffs are likely to have negative effects on the business with energy storage, especially against the background of possible retaliation measures.

The political activities Musk as consultant by US President Donald Trump also raise questions, especially with regard to his time-consuming time in corporate management. As mentioned, Musk intended to drastically reduce his time in the government apparatus.

Tesla is at a crucial point, both in terms of financial terms and in terms of management, and the coming months will be crucial for the company's course. The challenges do not seem to be lower, while the search for a successor to Musk gains intensity. Further developments must be seen, especially with a view to the upcoming decisions in corporate management.

combing this narrative with development related to government and trade policies, as highlighted in AP News , it can be seen that the future of Tesla is also influenced by external factors. The dynamics in the political environment could have a significant impact on the company.