From Morningstar: 2025-05-01 07:07:00

The Wall Street Journal reported that Tesla’s board is searching for a successor to CEO Elon Musk. Since Musk’s advisory role to President Trump, the board believes he needs to focus more on Tesla to avoid slower progress and potential consumer backlash. Morningstar maintains a $250 fair value estimate for Tesla, noting key person risk if Musk were to leave. Investors are advised to wait for a better entry point.

Many Tesla shareholders value Musk’s leadership. Despite his ventures in other companies and advisory role to Trump, Tesla’s results have not suffered. Morningstar maintains an Exemplary Capital Allocation Rating for Tesla. The author or authors do not own shares in any mentioned securities.



Read more at Morningstar: Tesla: Search for Elon Musk’s Successor Highlights…