PREVIEW

Tesla has denied reports that it has contacted headhunters to search for a replacement for Elon Musk, calling the claim "absolutely false.” The Wall Street Journal had reported that Tesla’s board started looking for a new CEO due to frustration with Musk’s focus on government duties and Tesla’s declining share price. Elon Musk responded on social media, calling the article "a discredit to journalism" and criticizing the Wall Street Journal for publishing false information. Tesla chair Robyn Denholm took to X to clarify that the report was inaccurate and confirmed that Musk remains Tesla’s CEO. Denholm reiterated that the board has full confidence in Musk’s ability to lead Tesla and continue executing its growth plan. According to the Wall Street Journal, the board had urged Musk to dedicate more time to Tesla, and the company wanted him to make a public statement about it. In an earnings call, Musk pledged to dedicate more of his time to Tesla and promised to significantly cut back on his government role. Musk criticized the Wall Street Journal, accusing them of a breach of ethics for publishing the false article without obtaining a formal denial from Tesla’s board. Musk’s leadership of Trump’s Department for Government Efficiency has sparked protests and boycotts from Tesla customers who disagree with his political actions. Protests against Tesla dealerships have led to some criminal damage, with calls for boycotts from customers unhappy with Musk's political involvement.
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