On May 20, 2025, Elon Musk, the ever-controversial CEO of Tesla Inc., announced at the Qatar Economic Forum in Doha his intention to remain at the helm of the electric vehicle giant for the foreseeable future.
Musk emphasized the importance of maintaining control, stating, “It’s not about the money. It’s about ensuring a steady direction for Tesla.” Such commitment comes at a time when his loyalty to Tesla has been questioned amid his growing involvement in political realms, including aiding the administration of former President Donald Trump.
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While Tesla’s first quarter of 2025 presented a 20% drop in automotive revenue and a daunting 71% decline in net income, shares remained relatively stable earlier this week.
Musk, also the CEO of SpaceX and other ventures, hinted at a potential public offering for Starlink, his satellite internet service, expressing, “It might stand alone as a public company in the future.”
