Tesla shareholders meeting: Elon Musk, a co-founder returns and two new EVs

Elon Musk, the charismatic and sometimes controversial figurehead of Tesla, has not yet identified a successor. This news is somewhat unsettling for investors who are aware of how integral Musk is to Tesla's identity and success. His leadership has guided the company through many triumphs and tribulations, making him synonymous with the Tesla brand. Given the influence and visibility that Musk wields, the lack of a clear succession plan is a matter of concern for many stakeholders.

When asked about a potential successor during the Q&A session, Musk was somewhat evasive, stating that a succession plan would be addressed "at the appropriate time." Investors were hoping for a more concrete answer or at least a glimpse into the thought process. However, Musk's statement only adds to the uncertainty surrounding Tesla's future leadership.

Nonetheless, in a surprising turn of events, a familiar face from Tesla's past, co-founder J.B. Straubel, is stepping back into the company’s orbit. Straubel, who parted ways with Tesla back in 2019, is making his return in an advisory capacity. Known for his crucial role in developing the Tesla Roadster and his instrumental part in creating Tesla’s first lithium-ion battery pack, Straubel's return is a welcome development for the company and its shareholders.