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Elon Musk isn’t leaving Tesla, but admits ‘nobody should be CEO forever’
Tesla CEO Elon Musk’s 18-year post at the electric automaker is far from over, but “nobody should be CEO forever,” he said during the Q4 2020 Earnings Call on Wednesday.
Musk was confronted with the question of if he were to ever step down as CEO, a plan that he entailed several years ago after Tesla started producing a mass-market vehicle. Now that Tesla has two of them, Ben Kallo, an analyst with Baird, asked Musk whether that plan was still intact, but Musk was adamant that his time with the automaker is far from up.
“I expect to be CEO of Tesla for several years,” Musk remarked in response to the question. “So I think there’s still a lot that I’m super excited about doing. And I think it would be hard to leave.”
Musk’s tenure at Tesla has been tumultuous, to say the least. Although it has had a successful 12 months, exploding on Wall Street, offering a new mass-market car, and unveiling several new developments to both its vehicle and energy product fleet, Tesla’s story is truly one of triumph.
In 2008, the company was nearly bankrupt. Begging money from investors, Musk had a Christmas miracle occur when funds poured in from believers in the company. It would take two more years for Tesla to launch its IPO on its common stock, and another two years for the Model S sedan to be released. Tesla didn’t enter the mass-market production phase until 2017 when the Model 3 became its first widely-affordable car. Even then, the problems didn’t stop. Musk refers to the early days of Model 3 manufacturing as “production hell,” and although it resulted in Tesla’s upward surge into automotive legend, it was still an extremely stressful time.
“Sheer magnitude of the entire production system is hard to appreciate,” Musk told Teslarati. “Almost every element of production is >75% automated. Only wire harnesses & general assembly, which are <10% of production costs, are primarily manual.”
Sheer magnitude of the entire production system is hard to appreciate. Almost every element of production is >75% automated. Only wire harnesses & general assembly, which are <10% of production costs, are primarily manual.
— Elon Musk (@elonmusk) October 12, 2020
But even with the low times, Musk’s tenure at Tesla has been great, and he doesn’t want it to end because of the projects the company continues to work on every day.
“I love these great projects halfway or part of the way done. So I do expect to be running the company for several years into the future,” Musk stated. “Now obviously, nobody is or should be CEO forever. So I don’t expect to be — like the sheer amount of work required to be CEO of Tesla is insane.”
Musk admits his CEO role is likely much different than others. He is more hands-on and contributes to Tesla’s day to day operations. Musk has been known to join manufacturing lines at the end of quarters to help reach production goals. With several children and a newborn baby, it has to be a thought of Musk’s to take a step back eventually. “It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep seven days a week, pretty intense.”
Musk’s job will likely end when the work is finished, which may never happen. “I think the mission isn’t over yet, and we still got a long way ago before we can really make a dent in the world on accelerating the advent of sustainable energy. I mean, the goal of Tesla, from the beginning, has been to accelerate sustainable energy.”
Elon Musk
Elon Musk hits back at former Tesla employee who disagrees with pay package
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla?
It won’t be me.
Elon Musk gave a tough response to a former Tesla employee who spoke out on X about the structure of the CEO’s pay package, arguing that it is an overpayment and would not generate enough shareholder value.
Without a doubt, the biggest issue on the bill at this year’s Tesla Shareholder Meeting in November is that of the pay package that was proposed to CEO Elon Musk.
As the Shareholder Meeting approaches, Tesla is urging those investors to vote in support of Musk’s pay package. So far, the community has been overwhelmingly supportive of giving Musk his massive payday, which could give him $1 trillion in additional holdings if he completes each of the outlined performance tranches.
However, there are a handful of institutional and individual shareholders who have pushed back against the package, either because of its value or because they feel it does not benefit shareholders enough.
Last week, we reported that Institutional Shareholder Services (ISS) advised voting against Tesla’s pay package for Musk. The firm said the payday would give Musk”extraordinarily high pay opportunities over the next ten years,” and it would “reduce the board’s ability to meaningfully adjust future pay levels.”
Tesla CEO Elon Musk’s $1 trillion pay package hits first adversity from proxy firm
Additionally, it called the value of the pay package “astronomical.”
On Saturday, a former Tesla employee said on X that Tesla’s proposed pay package for Musk would “barely beat inflation and it would underperform the S&P 500 considerably.” Additionally, he said:
“Sorry, Tesla, some of us (and supposedly, ISS too) simply don’t think that underperforming the S&P 500 this much is worth paying somebody 20 billion dollars worth of company value.
As a fan, I love Tesla, I want it to succeed. As a shareholder, I don’t want Tesla to over-pay for its CEO I strongly believe that the 2025 pay package proposal would over-pay for its CEO, and that other competent CEOs could grow Tesla just as much with way less political drama and cost investors much less that this proposal.”
Musk responded bluntly:
“Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla? It won’t be me.”
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla?
It won’t be me.
— Elon Musk (@elonmusk) October 19, 2025
It seems the worry about Musk’s potential involvement in politics still looms to many, based on the responses to Musk’s post, which frequently mention that as a downside of his last year as Tesla CEO. However, Tesla’s Board confronted that directly.
In its proxy filing after announcing the pay package, Tesla said that it had three commitments, one of which was that the company would “receive assurances that Musk’s involvement with the political sphere would wind down in a timely manner.”
Tesla Board takes firm stance on Elon Musk’s political involvement in pay package proxy
Musk’s previous pay package was approved by shareholders twice, but it never made it to the CEO because of a lawsuit with the Delaware Chancery Court brought forth by a small-time shareholder.
The response from Musk does seem to show that if this time is no different, he will inevitably step down as CEO in the coming years.
News
Tesla rivals are lagging behind alarmingly in this crucial EV necessity
Tesla rivals are lagging behind the company in alarming fashion in this crucial EV necessity: charging.
Tesla has had a long-standing reputation for having the most expansive electric vehicle charging infrastructure, and even as other companies have launched their own as part of the vehicle manufacturing, nobody seems to keep pace with the EV leader.
A report from Paren exhibited this trend in Q3, showing that Tesla overwhelmingly dominated EV charging stall installations over the past three months. This data is based on U.S. installations, where Tesla has long held a dominating position as the leader in overall electric vehicle sales for many years.
In Q3, Tesla installed 1,820 new chargers in the United States, bringing its total presence to 34,328, an all-time market share of 53.2 percent of all charging stalls in the country.
What’s alarming is the fact that all other networks — ChargePoint, Red E, Electrify America, EV Connect, EVgo, Ionna, Blink, Pilot Flying J, and Rivian Adventure — only installed 841 chargers collectively in Q3. That is nearly 1,000 units behind Tesla, despite there being nine companies contributing as competitors.
These nine networks have 10,055 stalls in total, the data from Paren shows, accounting for 15.6 percent of the chargers in the United States.
Tesla added more Superchargers in the US in Q3 than the next nine networks combined. pic.twitter.com/zihhezI6a6
— Sawyer Merritt (@SawyerMerritt) October 20, 2025
EV charging is such a crucial part of the ownership experience, and also a part of the ongoing expansion of EV adoption in the United States.
As more people buy EVs and they become a more prominent form of passenger transportation, more chargers are needed. Many owners charge at home, but charging options in public are important to have for traveling, commuting, and for those who do not have access to residential charging.
With Tesla opening its Supercharger Network to the majority of EV brands over the past two years, things have gotten better.
It has been alarming to see so many companies involved in EV infrastructure essentially accept the gap between Tesla and themselves; not a single company has tried to up its pace to catch up to what Tesla has.
When it comes down to it, as long as there is charging, the manufacturer does not truly matter.
However, it would be nice to see Tesla have some competition in the space, but with its domination and head start in the infrastructure division, it seems the company will have this competitive advantage for years to come.
News
Tesla updates fans on its plans for the Roadster
Earlier in 2025, Musk said Tesla would host the “most epic demo” for the Roadster in late 2025. We’re in Q4, so time is running out, but we finally got the update we’ve been waiting for from von Holzhausen on the Ride the Lightning podcast yesterday.
Tesla has finally updated fans on its plans for the Roadster after stating earlier this year it would host the “most epic demo,” showcasing the vehicle’s capabilities.
The Roadster is amongst the most highly anticipated automotive releases in the entire industry, and was set for release in 2020 initially. However, Tesla got so caught up with scaling up the Model Y and focusing on autonomy that the project took a figurative backseat.
In the years since its planned release, we have not seen much of the vehicle. Company executives like Elon Musk and Chief Designer Franz von Holzhausen have hinted at things about it and teased us with potential release dates, but each time, it has been delayed.
Last year, Tesla planned to show something, but Musk saw what improvements had been made from the original design unveiled back in 2017 and figured the company could go a step further, only delaying the project another year.
But what’s another year, right?
Earlier in 2025, Musk said Tesla would host the “most epic demo” for the Roadster in late 2025. We’re in Q4, so time is running out, but we finally got the update we’ve been waiting for from von Holzhausen on the Ride the Lightning podcast yesterday.
Confirming the demo was still on for this year, he also teased some new features that the Roadster will have, like new paint options.
Von Holzhausen said:
“I’m excited to showcase the Roadster for a lot of different reasons. The wait will be worth it.”
Additionally, he said the capabilities of the Roadster are truly something, and they have gotten the vehicle to a point that it seems to test the “limits of physics.” Franz added that Tesla has “really gotten to a point where we are going to be achieving that standard that we set out.”
Obviously, the Roadster is not a major contributor to Tesla’s mission or to its future, which mostly leans on artificial intelligence and Robotaxi or autonomy. However, it is still a product that Tesla needs to offer, as many have put massive $250,000 downpayments on the vehicle in an attempt to purchase one.
Tesla has not yet announced a date for its demo of the Roadster, but based on Franz’s interview, it seems the company is still on track to hold that by the end of the year.
The full episode with Franz von Holzhausen on the Ride the Lightning podcast is available here.
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