Elon Musk reiterates commitment to lead Tesla for next 5 years, dismissing concerns

From Yahoo Finance: 2025-05-20 11:51:00

Elon Musk declares he will be at Tesla’s helm for the next five years, unless he dies. Despite challenges, Musk remains confident in the company’s performance and dismisses concerns about demand. However, Tesla’s quarterly earnings show a decline in revenue and delivery numbers, impacting consumer sentiment and reputation.

Musk’s reputation decline affects Tesla’s sales, with shares dropping over 50%. He reassures investors of his reduced involvement in overseeing DOGE. Musk discusses the possibility of Starlink going public and SpaceX’s projected revenue growth, driven by U.S. military contracts. xAI, Musk’s AI company, is ramping up infrastructure for advanced models.

Musk advocates for U.S. AI regulation in moderation. xAI’s supercomputer cluster, “Colossus,” in Tennessee, is one of the world’s largest. Musk’s ventures continue to shape the tech landscape, with a focus on innovation and growth. Stay updated on the latest news via Quartz’s social media platforms.

Read more: Elon Musk says he’ll still lead Tesla in 5 years: ‘Unless I die’