Silicon Valley’s favorite tech drama is heating up again, and this time Elon Musk might be getting the boot from his own electric kingdom.

According to recent reports, Tesla’s board has secretly initiated a search for a new CEO, signaling potential turbulence in the world of electric vehicles. The move comes after a disastrous first quarter where Tesla’s profits nosedived by a staggering 71%, leaving investors and board members scratching their heads.

The Musk Mess

Musk’s divided attention between Tesla, his government role, and social media shenanigans seems to have finally caught up with him. While he’s been juggling multiple hats – sometimes literally, as noted in a recent White House meeting – his core business has been suffering. Tesla’s once-devoted environmental fanbase has increasingly distanced themselves, put off by Musk’s controversial political alignments and erratic behavior.

Corporate Musical Chairs

Interestingly, sources suggest Musk himself might be ready to step back. Reportedly, he’s expressed concerns about finding a successor who can maintain his autonomous vehicle vision. This comes on the heels of multiple legal challenges to his astronomical compensation package, which were twice thrown out by a Delaware state judge.

The Writing on the Wall

With Tesla’s stock price tumbling and sales plummeting, the board’s patience seems to have finally worn thin. The company’s CFO has even acknowledged the “negative impact of vandalism and unwarranted hostility” affecting their brand.

As the tech world watches with bated breath, one thing is clear: Tesla’s next chapter might look very different from its Musk-dominated past.