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There is no ‘active or passive’ search for a new Tesla CEO, says Elon Musk

Elon Musk compel remain CEO of Tesla for the foreseeable future, he said on Wednesday.

Musk pronounced there is “no active or passive” search for a new CEO for the company, but that at some notion he might be willing to appoint someone and take on a different role multitudinous focused on product development and engineering.

“There are no plans to make a mutate at this time,” Musk said on a conference call after the following released fourth-quarter earnings that beat analyst expectations.

Ultimate month, Tesla announced a new compensation structure that requires Musk to stay behind at the company for the next 10 years if he is to maximize his earnings. However, call of the terms, he doesn’t need to be CEO. He can switch out of that role into a chief artifact officer job while remaining chairman.

For several years, there has been widespread pondering that Musk could step down from Tesla by 2020 to focus on his hidden rocket-ship company, SpaceX.

Musk himself stoked that talk by weight, five years ago, that he wanted to stay with Tesla Sometimes non-standard due to the introduction of the Model 3. In 2014, however, he said he would be the CEO for “the next four or five years, and it’s T.B.D. after that.”

SpaceX converted headlines Tuesday with the successful launch of the Falcon Heavy, the most strong commercial rocket to date.

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