Elon Musk is preparing to say goodbye to Tesla!

Elon Musk is preparing to say goodbye to Tesla!

Tesla is one of the leading companies in the electric vehicle industry and has recently made significant profits for its shareholders. Elon Musk, who almost ten years ago promised Tesla’s success in a tweet, has started selling his shares. Last week, he sold more than 3.5 billion dollars of his shares in this car company. Despite the fact that it was Elon Musk’s shrewd management that got Tesla this far, he seems to be setting himself up for Farewell to Tesla prepares

Therefore, after buying Twitter, Elon Musk has focused most of his attention on this social network. Now it seems that Elon Musk has unexpected decisions for Tesla. Musk sold 22 million Tesla shares in one week, according to a Forbes analysis of SEC data.

Musk owns about 25% of the company’s shares, which constitutes a large part of his wealth. However, we must remember that he won’t make much profit from selling each Tesla share because he has put up 25% of his total stock as collateral to get the loan.

Musk's farewell to Tesla

Investors have started discussions about the sale of the shares of this famous billionaire. Musk once said: My investment was the first input of this company and it will be the last output. This is what he forgot to mention at Tesla’s annual shareholder meeting.

It is not yet clear what Musk will decide for Tesla. According to a rumor that has been published in recent days, Musk will resign from his position as the CEO of Tesla. According to reports, Tom Zhu Xiaoteng, the CEO of Tesla China, will take over the management of the company as Musk’s replacement.

Elon Musk’s replacement after saying goodbye to Tesla

According to rumors, Tom Zhou Xiaoteng, who is currently the director of Tesla China, will succeed Musk as CEO of the company. Tom Zhu Xiaoteng has been with Tesla China since 2014. He is famous for leading the creation of the supercharger network of this company in China. Now it seems that he is one of the main candidates to take over the chairmanship of the electric cooker.

After joining the company in 2014, Xiaoteng quickly rose to the position of global vice president before becoming president of Tesla China. In addition, he was recently responsible for the operations of Tesla’s service centers in China and the Giga Shanghai facility.

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