Elon Musk has been focusing on Twitter lately after he bought the company a while back. He has been facing the irk of investors of his other companies who claim the billionaire isn’t focusing on anything else. Now, it seems that a change might take place in Tesla’s top leadership.
Some reports suggest that Musk might be replaced as a CEO by Tom Zhu. Zhu has been serving as the executive of Tesla Inc. in China and has been brought to Texas to run Gigafactories. Let’s find out in detail about this entire situation.
Read More: Who Dethroned Elon Musk As Worlds Richest Man For A Few Hours?
Tom Zhu Might Replace Elon Musk As Tesla CEO
Musk has called Tom Zhu to Texas to handle Tesla’s new plant in Austin, Texas. Zhu, who joined in 2014, has served as the carmaker’s China CEO and oversees its Asia-Pacific operations.
According to a report from Pingwest, Zhu might replace the world’s richest man to become the new CEO of Tesla. This might happen because Musk has not been able to give enough time to the company since his Twitter acquisition.
Pingwest, the website that published this article, had lost a suit from Tesla for posting fake news. However, there might be some truth to this situation as investors are not happy with Musk. The SpaceX founder has also stated earlier that he would like to step down as Tesla’s CEO and only serve as a “product architect.”
Read More: Why Did Elon Musk Install Beds In The Twitter Office?
Musk Was Dethroned As The World’s Richest Man For A Few Hours
In 2022, Musk eclipsed Jeff Bezos to become the world’s richest man with a net worth of $219 billion. However, a man was briefly able to dethrone him recently.
Bernard Arnault, the chairman, and CEO of Louis Vitton’s parent company LVMH became the world’s wealthiest person in a few hours. He had $184.7 billion when the trade calculated the numbers.
But the new Twitter boss was able to restore the title in just a couple of hours. In November, there was a decrease in Musk’s wealth because of his involvement with Twitter. Many advertisers have been distancing themselves from the company because of him.
Read More: What Is Twitter Files Scandal Uncovered By Elon Musk?
