Elon Musk claims Tesla's sales have changed, even though Starlink, an internet service provider he owns, is growing.
Elon Musk said he was committed to staying as Tesla CEO for at least five years after the electric vehicle maker chair rejected reports that the board had already reported to executive search companies about finding its successor.
Musk said at an economic forum in Qatar on Tuesday that reasonable control of Tesla is the most important factor in which Tesla is the head of the company.
"Yes, no doubt." Musk answered a question whether he planned to stick with Tesla's CEO.
Earlier this month, Tesla chairman Robyn Denholm denied a Wall Street Journal report that said board members had approached several executive search companies in search of alternatives to Musk.
Musk, who posted videos through video at an event in Katar, said Tesla had reversed sales and the company faced protests on his political views besides Europe.
Tesla's sales also fell by 9% in the first three months of the U.S., according to research firm Cox Automotive. This was largely driven by Musk's political participation, including leading the U.S. Department of Efficiency, which was greatly reduced in the federal workforce. As a result, the protests followed, boycotted Musk connection The company has begun.
Tesla reported a 13% drop in childbirth in the fourth quarter. The Tesla person in charge said there is a turnaround.
"We are now back to a market cap of more than trillions of dollars, and it's clear that the market has realized the situation and has turned it around," Musk said.
Tesla's current market value is $1.08 trillion.
Musk also mentioned Delaware Judge Kathaleen St Jude McCormick, who stopped Musk’s $56 billion salary package, as “an activist who plays the judge in Halloween costume.”
However, he admitted that his Tesla salary was part of his consideration of staying with the automaker, although he also wanted "enough voting control" that he was "unable to be removed from radical investors."
"It's not a piece of money, it's a reasonable control over the company's future, especially if we're building billions of human robots in millions of dollars," he added.
That's because the billionaire said he will successfully invest $270 million in political contributions to Donald Trump in the successful 2024 U.S. presidential election.
"I'm going to do much less in the future when it comes to political spending," Musk said, adding that he didn't "see a reason for doing more."
As of 11 a.m. ET (15:00 GMT), Tesla's stock was 1.13% higher than when the market opened. Stocks fell 15% in the year.
Musk also weighs the future of Starlink, an internet service provider he runs. He said the company may be public at some point in the future, but there is no urgent matter.
Starlink has expanded rapidly worldwide, operating in more than 70 countries, focusing on further growth in emerging markets such as India.
South Africa's government plans to provide a solution to a local black ownership law to allow Starlink to operate in the country, according to Bloomberg.
Bloomberg said the proposal would hold a "last minute" meeting planned for Tuesday night between South African officials and Musk or his representatives. South African President Cyril Ramaphosa and a delegation of government officials arrived in Washington on Monday to reset tensions with the United States.