With profits and the stock price sinking, board members told Musk he needed to spend more time at the company.

Tesla Inc.’s board of directors took steps toward finding Chief Executive Elon Musk’s successor earlier this month, as the EV maker’s stock sank while Musk prioritized his DOGE efforts, according to a new report.

(Reuters) - Tesla board members last month reached out to several executive search firms to look for a successor for CEO Elon Musk, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.