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Tesla Board Opened Search for a CEO to Succeed Elon Musk
(www.wsj.com)
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this post was submitted on 01 May 2025
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No, you're thinking of News Corp and Murdoch's shenanigans.
Tesla has a standard structure. He doesn't own a majority of shares, but he does own a significatn percentage and investors aligned with him combined have enough for him not to be at any significant risk.
The directors however have a fiduciary duty to act in the interests of all shareholders, so going through the motions of considering a replacement ticks that box.