REPORT: Tesla Board Is Searching For Elon Musk's Successor

Tesla shares have plummeted since Elon Musk's appointment to President Trump's administration.

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"About a month ago, with Tesla’s stock sinking and some investors irritated about Elon Musk’s White House focus, Tesla’s board got serious about looking for Musk’s successor.

Board members reached out to several executive search firms to work on a formal process for finding Tesla’s next chief executive, according to people familiar with the discussions. "

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