CEO

“Very preliminary results show improved order trends, but we would like to see the offer out in the market longer before making any definitive statements,” the CEO said.

Current CEO Bill Nash is stepping down and leaving the board.

He warned that China would “win the AI race,” according to the Financial Times, which cited an interview with the CEO.

Tesla shareholders will decide Thursday on CEO Elon Musk’s pay package.

Nash, who had served as CEO of CarMax since 2016, will be temporarily succeeded by board member David McCreight, who has been named interim president and CEO, the company said in a regulatory filing Thursday.