Asger Risom
Despite political distractions and a turbulent financial quarter, Elon Musk says he’s not leaving Tesla anytime soon. His goal: retaining control of the company’s future.
The electric vehicle industry is navigating one of its most competitive eras, and Tesla remains at the center of the global conversation.
As market dynamics shift and new players emerge, leadership continuity is often a stabilizing force—or a source of scrutiny.
Musk Doubles Down on Tesla Commitment
Speaking at the Bloomberg Economic Forum in Doha on Tuesday, Elon Musk confirmed that he plans to remain CEO of Tesla for “at least five more years.” His reason, he explained, is not financial, but strategic: maintaining “reasonable control over the company’s future.”
As reported by Digi24, Musk emphasized that he wants to retain enough voting power to avoid being ousted by activist investors.
His remarks come amid growing concern from shareholders about his increasing involvement in American politics—particularly his central role in Donald Trump’s “Department of Government Efficiency” initiative.
Political Fallout and Business Impact
Musk has pledged to scale back his political commitments to one or two days per week. However, the damage may already be done.
Tesla has suffered both financially and reputationally: auto-sector revenues dropped by 20% in Q1 2025, with a 71% plunge in net profit. The company’s stock has tumbled over 12% year-to-date, despite a slight recovery this week.
His political alignment has also sparked backlash. Some Tesla showrooms have been vandalized, and consumer sentiment has soured in key markets. “It’s okay to object politically,” Musk said, “but violence, effigies, or death threats are not acceptable.”
Looking Ahead: Starlink IPO?
Musk continues to lead several ventures beyond Tesla. He remains at the helm of SpaceX, Neuralink, and xAI.
In his Tuesday remarks, he hinted that Starlink—SpaceX’s satellite internet division—may one day become a public company.
“It is possible that Starlink could be spun off and listed,” he noted.
Whether this diversification strengthens or distracts from his role at Tesla remains a point of contention. But for now, Musk insists his focus remains on steering the electric car pioneer through its next chapter.