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'Not a Money Thing': Elon Musk Says He Is Committing to 5 More Years as Tesla's CEO. Here's Why.

Erin Davis

created: May 20, 2025, 8:38 p.m. | updated: May 21, 2025, 6:59 p.m.

Tesla's CEO said there is "no doubt" that he is staying at the electric vehicle maker. Elon Musk's new five-year plan has him staying at Tesla. In an interview at Bloomberg's Qatar Economic Forum on Tuesday, Tesla's CEO said that he is committed to staying at the electric vehicle maker for years to come. CNBC reports that Musk wants to keep his position as Tesla's CEO to maintain "sufficient voting control" over the company to avoid activist investors. "It's not a money thing," Musk said.

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