RUMOR: Elon Musk To Step Aside At Tesla And Twitter
reports that the Tesla board of directors has been considering Kirkhorn ever since a trial began last year that challenges Musk’s compensation package as being “beyond the bounds of reasonable judgment.” During the trial, Tesla board member James Murdoch said that Musk had identified a potential successor in the months leading up to the trial, but did not specify who Musk had suggested.
Kirkhorn has worked at Tesla for more than ten years. He started with the company as a senior analyst in 2010 and succeeded former CFO Deepak Ahuja in 2019. Prior to joining Tesla, Kirkhorn worked as an analyst at McKinsey & Company after serving as an intern at Microsoft. Kirkhorn is not the only Tesla executive who is rumored to be a potential successor to Musk. Earlier this year, several news outlets speculated that Tom Zhu, the head of its China operations, could be Musk’s successor after he took over leadership of Tesla’s US assembly plants and sales in both North America and Europe in January. Zhu, like Kirkhorn, goes about his business quietly and stays far away from the limelight.
The Silicon Valley management style of moving fast and breaking things may have served the company well in its formative stages, but it seems long past time for professional business managers to take over the controls andWe have no doubt that Elon will remain a constant presence around Tesla headquarters and a powerful influence over how the company moves forward from here. We can only wonder what new challenges Musk will embrace.
The only prediction I feel comfortable making is that the value of Tesla shares will show a marked increase if he decides to step aside. The world has only so much capacity to absorb an unending torrent of “clear and frank feedback.”
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