Elon Musk's new five-year plan has him staying at Tesla.
In an interview at Bloomberg's Qatar Economic Forum on Tuesday, Tesla's CEO said that he is committed to staying at the electric vehicle maker for years to come.
Related: A Tesla Executive Received a Record Pay Package, and It's Not Elon Musk
When asked if he will still be leading the company in five years, he said: "Yes, no doubt about that at all."
CNBC reports that Musk wants to keep his position as Tesla's CEO to maintain "sufficient voting control" over the company to avoid activist investors.
"It's not a money thing," Musk said. "It's a reasonable control thing over the future of the company."
Related: With Tesla Down 71% in Net Income, Elon Musk Says He'll Spend Less Time at DOGE
Tesla's sales have dropped 13% in the first three months of this year, marking the largest quarterly drop in Tesla's history. Net profits have plunged by 71%. The EV maker's revenue also fell 9% year-over-year.
Musk is currently the richest person in the world, with a net worth of $376 billion at press time, per the Bloomberg Billionaire Index.
Before you consider Record, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Record wasn't on the list.
While Record currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.