With profits and the stock price sinking, board members told Musk he needed to spend more time at the company.

Tesla (TSLA) is on the hunt for the successor to CEO Elon Musk, according to a report from the Wall Street Journal. Members of the board contacted several search firms to work on a process for finding the next Tesla CEO,

Finally, Musk said Tesla is on track to have thousands of autonomous humanoid robots (called Optimus) working in its factories by year-end. He also informed analysts that the company aims to scale Optimus production to one million units per year by 2029, and he previously stated that a commercial launch is possible in the second half of 2026.