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

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 and solar panel company would start doing some advertising.

When another shareholder suggested that Tesla try advertising, Musk said he is open to it.

“This has some merit,” he said to the shareholder at the meeting at Tesla's factory site near Austin, Texas. “We'll try a little advertising and see how it goes.”