Musk Succession Plan Is in Place, Tesla Chair Denholm Says

Succession Planning Importance - Succession planning is a very important responsibility for the board, and they take that responsibility very seriously [2] - Investors consistently raise questions about succession planning [3] - The company has a plan if something untoward were to happen in the near term, and also a longer-term succession plan [3] Succession Plan Details - The compensation plan is a ten-year plan, and Elon Musk will be 64 or close to 65 by the time it completes [4] - The plan includes making sure the company has the right leaders in place for an orderly transition in the future [5] - The board has ongoing discussions with Elon Musk about succession planning [5] - The company has leaders in geographies that run large portions of the organization and an extensive executive team [8] Talent and Leadership - Tesla has extraordinary talent inside the company across many facets [6] - Elon Musk is a talent magnet, particularly on the engineering side [7] - The company has extraordinary depth in the engineering and manufacturing spaces [7]