Tesla, the world’s leading electric car maker, recently generated huge profits for Tesla shareholders. Elon Musk was seen starting to sell his shares after making a significant Tesla-related tweet about 10 years ago. In the end, Elon Musk sold more than $3.5 billion in stock during the week.
So Tesla Inc. CEO Elon Musk will be taking unexpected steps for the company because he bought Twitter and has subsequently refocused his entire career on social media. Musk sold 22 million Tesla shares in a single week, according to Forbes’ analysis of US Securities and Exchange Commission (SEC) data.
Musk, who owns around 25% of the company’s share capital, is the main culprit behind its financial success. However, we must keep in mind that Musk does not get money from every Tesla share sold. A 25% ownership stake in the company is used as collateral for the loans it has obtained.
Is Elon Musk resigning as Tesla CEO?
Investors were debating the sale of shares of the well-known billionaire. “My money was first in and it will be last to go,” Musk once said. At Tesla’s annual shareholder meeting, he hadn’t brought up the issue.
It’s still unclear what Elon Musk is trying to achieve with Tesla. Tesla CEO Elon Musk is reportedly resigning, according to a recent rumor. According to the sources, Tom Zhu Xiaotong, manager of Tesla China, will take over as the new CEO of the entire company.
Tom Zhu Xiaotong, who is currently the head of Tesla China, is rumored to take over as the organization’s CEO. Since 2014, Tom Zhu Xiaotong has worked at Tesla China. And he seems to be looking for Elon Musk’s post. He is well known for having led the construction of the Tesla Supercharger charging network in China.
Xiaotong joined the company in 2014 and quickly advanced, first becoming global vice president and then president of Tesla China. In addition, he recently oversaw the operation of the Giga Shanghai facilities, as well as Tesla’s Service Centers in China.
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Categories: Technology
Source: vtt.edu.vn