Tue May 20 16:56:23 UTC 2025: **Summary:**

Elon Musk claims Tesla sales are rebounding after a slump driven by his political activities, which led to protests and boycotts in the US. He reaffirmed his commitment to remain CEO for at least five more years, emphasizing his need for “reasonable control” over the company, especially concerning its humanoid robot ambitions. He also addressed his overturned pay package, his future political spending plans, and the potential for Starlink to go public.

**News Article:**

**Musk Claims Tesla Turnaround, Reaffirms CEO Commitment Amid Starlink Growth**

**Qatar** – Elon Musk asserted that Tesla sales are recovering after a recent downturn, even as his internet service provider, Starlink, experiences substantial growth. Speaking at an economic forum in Qatar, Musk stated that Tesla’s market capitalization has rebounded above $1 trillion, indicating a positive market perception.

This announcement follows a period of declining sales in the US, attributed to Musk’s increased political involvement, including his role leading the US Department of Government Efficiency. This involvement sparked protests and boycotts, impacting Tesla’s first-quarter deliveries, which saw a 13% drop.

Musk also addressed his commitment to Tesla, confirming that he plans to remain CEO for at least another five years. He emphasized that “reasonable control” over the company, particularly in relation to its growing humanoid robot program, is a key factor in his decision. This declaration comes after reports surfaced that Tesla’s board had considered searching for his successor, which were subsequently denied by Tesla Chair Robyn Denholm.

The Tesla chief addressed his controversial $56 billion pay package, which was struck down by a Delaware judge, whom Musk referred to as an “activist” .

Looking ahead, Musk indicated that he plans to significantly reduce his political spending after contributing heavily to Donald Trump’s 2024 presidential campaign.

Meanwhile, Starlink is rapidly expanding its global reach, currently operating in over 70 countries. The company is eyeing further growth in emerging markets like India, and South Africa is reportedly considering a workaround to its Black ownership laws to facilitate Starlink’s operations.

While a Starlink IPO may be on the horizon, Musk stated that there’s no immediate rush to take the company public.

As of 11 am Eastern time, Tesla’s stock was up 1.13 percent, despite being down 15 percent for the year.

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