Tesla(US:TSLA) Zhong Guo Xin Wen Wang·2025-05-01 03:28Core Viewpoint - Tesla's board has initiated the search for a new CEO, potentially ending Elon Musk's 20-year leadership amid concerns over the company's performance and stock price decline [2][4]. Group 1: CEO Transition - The board began considering a successor for Musk about a month ago due to falling stock prices and dissatisfaction among some investors [4]. - A well-known executive search firm has been selected by the board to assist in finding Musk's replacement, although the specific progress of this search is currently unclear [7]. - Musk has publicly committed to increasing his focus on Tesla, stating he will significantly reduce his time spent on government efficiency tasks [5][6]. Group 2: Financial Performance - Tesla's first-quarter profit plummeted by 71%, contributing to the board's decision to seek a new CEO [4]. - Following the news of the potential CEO change, Tesla's stock price fell by 3.38% on April 30 [3]. Group 3: Board Dynamics - The board is planning to add an independent director, and some members have been meeting with key investors to reassure them about the company's operational stability [7].