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Musk: Death is the only exit from Tesla CEO role
2 Jan
Summary
- Elon Musk stated he will remain Tesla CEO for at least five years, barring death.
- Tesla is developing features like CarPlay and phone-based car unlocking for users.
- Analysts hold a 'Hold' consensus rating on TSLA stock with a downside risk.
Elon Musk recently asserted his commitment to remaining Tesla's Chief Executive Officer for at least the next five years, humorously noting that only his demise would prevent him from continuing in the role. This declaration comes after previous public scrutiny regarding his leadership following significant acquisitions.
In parallel, Tesla is reportedly working on integrating features for broader user accessibility. These include bringing Apple CarPlay to its vehicles and exploring a Harmony Wallet Key Card feature for Huawei users, which could evolve into a phone-based car unlocking system. China is seen as a potential test market for such innovations.
Shifting focus to financial markets, Tesla (TSLA) stock currently holds a 'Hold' consensus rating among analysts, based on recent ratings. Despite a notable rally over the past year, the average price target suggests a potential downside risk.
