Tesla is denying a Wednesday Wall Street Journal Report that is looking to replace Elon Musk as CEO.
According to the report, which cited the familiar people with the matter, the members of the Tesla Board had contacted several recruitment companies approximately one month to work in a formal process to find the next executive director of Tesla. The sources declared that the Board had reduced their attention in an important search firm without a name and had with Musk last month to warn him that he needed to spend more in Tesla.
Related: ‘They need to expand’: Tesla’s annual sales decreased for the first time. Here is why.
Robyn Denholm, president of the Tesla Board of Directors, directly refuted the report on an X publication on Thursday, writing that The newspaper It was “absolutely false” by stating that the Tesla Board had communicated with the recruitment companies to start a search for the CEO, and said that “this communicated to the media before the report was published.”
“The CEO of Tesla is Elon Musk, and the Board trusted largely on its ability to continue executing the exciting growth plan that is coming,” Denholm added.
Musk also directly directly the report, writing in an X publication on Thursday that it was an “extremely bad rape of ethics” that The newspaper “Publish a deliberately false article and not include unequivocal denial beforehand by the Tesla Board of Directors!”
He added in a monitoring publication that the “WSJ is an discredited for journalism.”
Today early, there was a media report that erroneously claimed that the Tesla Board had contacted recruiting companies to start a CEO search in the company.
This is absolutely false (and this was communicated to the media before the report was published).
Tesla’s CEO is …
– Tesla (@tesla) May 1, 2025
It is an extremely bad rape of ethics than the @WSJ He would publish a deliberately false article and not include unequivocal denial beforehand by the Tesla Board of Directors! https://t.co/9xdypl3c
– Elon Musk (@elonmusk) May 1, 2025
Since Musk begged the Government Efficiency Department (Doge) to at the beginning of this year, there have been at least 80 vandalm or fire reports caused by Tesla cars and mass protests in Tesla exhibition rooms. Wedbush Securities analyst Dan IVES, recently wrote in a note to investors that Musk has caused “brand damage” to Tesla because or participation with Doge.
“Musk needs to leave the government, step back in Doge and be a full time CEO or Tesla,” Iives wrote before the Tesla profit report last week.
Tesla’s profits showed that their first quarter gain had decreased by 71%, reaching $ 409 million in the first three months of the year compared to $ 1.4 billion in the first quarter of 2024.
In response, Musk said in the earning call last week that he would spend “much more” or his time in Tesla as of May, changing his approach to lead Dog to work in Tesla. The specialized one that would spend “one day or two per week” supervising Juge from May, a reduction of 120 hours a week that reported to spend in the department in February.
Musk is the richest person in the world at the time of writing, with a net worm of $ 333 billion, according to the Bloomberg billionaire index.
Related: Elon Musk’s Dux is hiring eager people for ‘working long hours’ to eliminate “waste, fraud and abuse” in government. Here he explains how to apply.
