Musk says he's not stepping down as Tesla CEO, tells shareholders the company will advertise

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Elon Musk on Tuesday dismissed speculation that he might step down as Tesla’s CEO and told the company’s annual shareholders meeting that the the electric car…

“Say it ain’t so,” one shareholder asked Musk about stepping down as Tesla’s leader. “It ain’t so,” he replied without further discussion.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

Musk told shareholders that the company’s “Full Self-Driving” software is getting close to where it’s safer than human driving. He previously has said the system should be ready this year, a pledge he has made for several years. “Tesla is not immune to the global economic environment,” he said, predicting that the company will get through the period and do well, even when a lot of companies will go bankrupt.

 

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