1115 ET - Tesla, as both a company and stock, is at a critical juncture, says UBS' Joseph Spak in a research note. Spak's note follows a WSJ report that the EV maker's board dialed up efforts to search for a successor to CEO Elon Musk. The analyst says that even if Musk stays on as CEO, succession planning will prove important for investors to have a better sense of. If Musk were no longer CEO, there is a path for him to remain heavily involved with the company, which could create tense dynamics between him and any successor. Between the bear case that Tesla is an auto company under greater pressure and the bull case that the company is an AI company, Spak says "finding a CEO who can captivate the market and investors as much as Musk is a tall task." Shares rise 2.9%. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 01, 2025 11:16 ET (15:16 GMT)
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