CEO Mike Jackson, under whose leadership AutoNation (AN) stock grew more than thrice, announced that he plans to step down from the role in the coming year. The company announced that Jackson would, however, stay on as executive chairman till 2021.
Jackson joined the largest (arguably) US retail chain AutoNation in 1999 from the US wing of Mercedes-Benz, where he was president.
Mike Jackson, who went on CNBC this week, had jabbed Elon Musk’s bait-and-switch” on his $35,000 Model-3 promise hinting that Tesla might not be around in ten years to see electric cars take over the industry.
“We’re past the inflection point on electrification,” Jackson added, “I think if Tesla was there it would be quite something.” According to the outgoing CEO, Elon Musk lacks a sustainable business strategy in the long run.
Most Popular
Does Unity Software (U) stock has more room to run?
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
Does the virus-driven boom make Electronic Arts (EA) a good investment?
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,
