Elon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: APElon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: AP
Elon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: AP

Elon Musk doesn’t need to be Tesla’s CEO, says top shareholder, as sell-off worsens in wake of store-closure bombshell

  • James Anderson, head of global equities for Baillie Gifford, said Elon Musk could take on a new role as ‘chief ideologue’
  • Musk stunned staff by announcing last week that Tesla would shut most stores and shift to online-only sales, triggering a share plunge of up to 16 per cent

Topic |   Tesla
Elon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: APElon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: AP
Elon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: AP
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