Elon Musk has reaffirmed his commitment to remain as Tesla's CEO for at least five more years, addressing concerns over his succession plan. Despite recent sales slumps, particularly a nine percent drop in the US, Musk claims Tesla's demand stands strong outside Europe. He highlighted a resurgence in the company's market capitalization, now at $1.08 trillion, suggesting a company turnaround. This comes in the context of ongoing protests related to his political involvement and a recent judge's decision against a substantial pay package for him.
"We're now back over a trillion dollars in market cap, so clearly, the market is aware of the situation, so it's already turned around," Musk said.
"Having reasonable control of Tesla was the most important factor in staying on as head of the company," Musk said.
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