Tesla shares are on a report that the company’s board of directors is looking for the new CEO to replace Elon Musk

shares Timing Up to 3 % in circulation overnight on the Robinhood trading platform, after reports that the Board of Directors had opened in search of the CEO of Elon Musk.

Tesla board members communicate with many executive research companies to work on an official process to find the next CEO of Tesla, according to the Wall Street Journal, Quoting comments from sources familiar with the discussions.

This step follows a sharp decrease in the sales and profits of the electric vehicle giant, with its upper and lower lines Lost estimates in the first quarter. Tesla’s reputation was It is affected negatively by muskWho spent a great time at the White House with US President Donald Trump to reduce the size of the federal government.

The huge millionaire said on a Call of profits Tesla Last week, he intends to spend a “day or two per week” only runs the so -called Ministry of Governmental efficiency Starting in May.

Tesla’s total revenue decreased by 9 % year on an annual basis to reach $ 19.34 billion in the quarter of January to March. This does not decrease from the forecast of 21.11 billion dollars by analysts, as LSEG data appears.

Revenue from the auto sector decreased by 20 % on an annual basis to 14 billion dollars, as the company needed to update the lines in the four vehicle factories to start providing a refreshing version of the famous Y SUV. Tesla also strengthened the decrease to the low average selling prices and sales incentives as a traction on revenue and profit.

Its net income decreased by 71 % to $ 409 million, or 12 cents per share, from $ 1.39 billion or 41 cents a year ago.

Since the beginning of the year, its shares have decreased 30.13 %.

– Dan Manang Banjan of CNBC and Porra Colosy contribute to the report.