Tesla Rejects Report Claiming Board Is Seeking New CEO, Reaffirms Confidence In Elon Musk

Tesla denied a Wall Street Journal report that its board was seeking a successor to Elon Musk, according to CNBC. The report cited unnamed sources and claimed that board members had contacted executive recruiters to begin a CEO search. Chair Robyn Denholm responded on X, calling the story “absolutely false,” reaffirming the board’s confidence in Musk. Tesla’s sales and profits missed first-quarter estimates, and Musk acknowledged that his ties to the Trump administration may negatively affect the company’s stock price. Musk said he will spend only a day or two per week running the Department of Government Efficiency starting in May.

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