Elon Musk confirmed his commitment to leading Tesla for the next five years during an event at Bloomberg's Qatar Economic Forum.
Musk emphasized that his dedication to Tesla is about maintaining control over the company's future and not a financial decision.
Some investors have raised concerns about Musk's focus due to his involvement in other ventures and political roles, leading to a decline in Tesla's stock value.
Shares of Tesla rose by about 1% following Musk's affirmation, aiming to reassure stakeholders about his continued leadership at the electric vehicle giant.