Elon Musk plans to serve as Tesla CEO for another 4-5 years, he says

Tesla CEO Elon Musk plans to lead the company for at least 4-5 more years, but will step away and let someone else steer the company ahead, he confirmed.

Published Wed, Jun 4 2014 1:25 AM CDT   |   Updated Mon, Oct 19 2020 8:15 PM CDT

Elon Musk, current CEO of Tesla Motors and SpaceX, said he plans to lead the popular electric-car company for at least four or five more years, but understands he has limited time at the helm. The 42-year-old has been successful leading both companies, but trying to maintain full-time workloads at both companies will become difficult, especially as SpaceX and Tesla both expand later down the road.

Elon Musk plans to serve as Tesla CEO for another 4-5 years, he says | TweakTown.com

Some industry analysts believed Musk would have to give up his position at one of the companies - likely Tesla over SpaceX - sooner rather than later, but the 4-5 year time frame means he will still be around when the Generation III enters mass production.

"No one is a CEO forever," Musk said during a recent Tesla shareholders meeting. "Eventually they carry you out. It is quite difficult to be CEO at two companies."

Tesla vehicles are hugely popular, and are common to see in the San Francisco Bay Area, with nationwide expansion continuing.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles