Elon Musk, the CEO of Tesla Inc., is known for making grand pronouncements. That’s great, because he’s signed on to run the company for at least the next five years! On Tuesday 20 May 2025, Musk addressed delegates through a video link at the Qatar Economic Forum (QEF) in Doha. He reiterated his hope to keep control of Tesla, as the company steers through turbulent waters of late.
During the interview conducted by Bloomberg, Musk emphasized that his decision to stay on as CEO is not motivated by financial gain. “It’s not a money issue,” he said, doubling down on his commitment to get Tesla through its current rocky period. The company’s stock has experienced a volatile start in 2025, declining more than 12% year-to-date, raising concerns among some investors about Musk’s commitment to the automaker.
Musk’s comments come as he faces increasing pressure from shareholders over his dedication to the electric car manufacturer. These worries have been compounded by his status as an adviser to President Donald Trump and his present leadership of the new, short-lived Department of Government Efficiency and Streamlining. Even with these added responsibilities, he doubled down on his promise to continue to be deeply engaged in Tesla’s day to day operations.
Embedded in his brief comments was one of the most important things for anyone concerned about who will control the future direction of this company to hear. “It’s a reasonable control thing over the future of the company,” he said. Yet listening closely to what he said would have quickly communicated an impressive degree of purpose about his intended – and continuing – stewardship at Tesla.
Musk’s commitment appears crucial as Tesla navigates a challenging market landscape and seeks to reassure investors of its long-term vision. His leadership has been essential in propelling the company’s innovation and expansion in the electric vehicle space.
The Qatar Economic Forum, where Musk delivered his remarks, has attracted global attention as a platform for discussing economic trends and advancements. There was a lot of misunderstanding at first regarding the event’s location. It turns out that it was actually held in Doha, Qatar, and not Abu Dhabi as announced.