Musk needs to become a more normal CEO

Open the Editor’s Marking Free

Rulla Khalaf, the FT editor, chooses its preferred stories in this week’s news.

Did Dabling have ever proved so expensive in politics? Tesla lost about $ 800 billion in market value in December last year in December last year. It knocked it to a poison of $ 100 billion or thus his co-founder and CEO Elon Musk’s wealth. Shares jumped a little, in part when investors rejoiced in Musk’s promise to back down as the government’s government’s ministry as head of the government’s efficiency department More time driving the manufacturer of electric vehicles. But damage Tesla will require more than just a little less distracted boss.

Note that Musk did not promise all its time to donate Tesla and business. He said that he will still “hold a day or two days on” every week. ” Most of the boards and investors will still consider that main deviation for the General Director, especially one supervisor half a dozen companies at the same time. They can emphasize calmly if the neighborhood of power has had a useful effect. However, while Trump administration moved on Thursday Relieve the rules Musk has not been able to curb Trump’s determination to return to other PRO-EV policies or harmful tariff war.

Neither Maga has obliged its obligation to weaken the wider hug of human rights policy that it has caused consumer boycotts along with its dogs. Protests in exhibition hallsDuring a series of Tesla earnings, Musk was in its X network for Robinson and Survey numbers in Britain’s imprisoned FAR activist.

The reality, however, is that Teslan was sick, even before I went to Musk. In 2024, the sale of his global cars slightly descended from 2023. The expansion of his profit is that regulatory carbon loans to sell other cars for other cars. Its aging products were no longer interesting buyers. Tesla has been too slow to invest in low priced models. And it has allowed Chinese competitors such as BYD to acquire the edge in innovation. In February, Chinese consumers welcomed Tesla’s “Complete Self-Advanced” system in February with bushes. Local competitors have already offered such magical.

Some investors doubt that restless musk was already growing for the car company, his eye on the next big thing. Tesla insisted last week, which plans to start producing more affordable models until January, was on the track, as it plans to launch its driver’s robotax service in Austin. Musk was afraid that Teslan, of course, will be the most valuable company in history, producing “Kibbuckers” and optimal humor robots. However, even the last midfield of Tesla’s value left its shares roughly where they were when Trump was re-elected. Apply anything to the normal car company multiple, and it is clear that the huge amount of its value is still a bet on musk vision.

Tesla Head’s post assumes that if anyone can accomplish this vision, it is. But doing this will certainly require their inseparable attention, at the same time, not to stand up at the White House and at all hours of X-A-Lago, and right-handed people. If Musk is not ready to step back on these actions, he must appoint a chief executive director who can see it endlessly. Compensation would also benefit, becoming a more normal company in terms of management. Delaware court to hold treason, the ruling last year’s huge musk Salary packageHe highlighted the very close ties of the board members with the General Director.

Musk is already entrusted to global business pioneer pantheon. But he would do good for his investors and customers, and probably everyone if he returns to all his attention what he is Visual entrepreneurA number