Musk says he will stay at Tesla for at least five more years

According to ⁤webangah News Agency, citing CNN via Tasnim News Agency, Elon‌ Musk confirmed his commitment to lead Tesla during⁣ an interview⁢ at the Qatar Economic Forum hosted by ‍Bloomberg ⁢in ‌Doha on Tuesday. When asked if he‌ would remain as CEO for the next five years,Musk replied: “Yes.” Pressed on ​whether he​ had any doubts,he added: “Well,I might die.”

Musk—who also heads SpaceX and other ventures—has dedicated notable time​ this year to collaborating with U.S.⁤ government initiatives under the‍ “Department of​ Government⁤ Efficiency”⁢ (DOGE) program. This has raised ⁢concerns among some investors who worry about his divided focus on ‌Tesla.

TeslaS vehicle sales dropped 13% in Q1 2024—the steepest quarterly decline in⁢ company history. Though, musk told CNBC later that ‍day: “The only things that matter‍ long-term are autonomy [self-driving cars] and Optimus [Tesla’s humanoid robot]. These will ‍absolutely dominate Tesla’s future financial success.”

He ⁤predicted ⁢robotaxis would ⁣be ubiquitous within five years but acknowledged past overoptimism about autonomous vehicle timelines: “My previous ‌predictions were too bullish,” he admitted at a 2023 event.

The forum also addressed​ Musk’s contested $56 billion​ compensation package from Tesla—originally blocked‍ by a Delaware ⁢court—which includes‍ voting ‌control provisions. “Compensation should reflect remarkable work,” said Musk, dismissing judicial ⁣intervention: “No activist judge in ​Delaware will impact my future⁤ incentives.” He framed the package as ⁤protection against political interference rather than financial gain.

The reaffirmed commitment follows a Wall street Journal report alleging Tesla had begun⁤ searching for a new​ CEO amid declining sales‍ and protests.Musk denied this on X (formerly Twitter), calling it an “egregious ethics violation” for omitting Tesla board denials.