Does Tesla’s board of directors want to replace Elon Musk as CEO?
An astonishing new report Wall Street Journal Claims Tesla’s board of directors attempted to replace Elon Musk with a new CEO. But, since the report was released, Musk has denied WSJ’S report.
Musk wrote in a late-night article about X: “@WSJ will publish intentionally false articles that were not rejected in advance by the Tesla board of directors!” Musk also shared an official statement from Tesla Chairman Robyn Denholm, which said the report was “absolutely wrong.”
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According to the report, some Tesla board members were “irritated” and Musk lacked attention to Tesla. Musk famously left his EV car company to attend a new show with the Trump administration as a special government employee. Musk has been closely linked to controversial government efforts to cut costs. this WSJ Reports prompted Tesla board members to contact executive search companies to begin the process of finding Tesla’s new CEO.
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this WSJ According to reports, Tesla’s board members are close to working with a major executive search company. In addition to the new CEO, Tesla’s board of directors is reportedly looking for an independent director to add to the company.
In March, a Tesla investor urged Musk to return to the company or resign as CEO. After April’s earnings report, Musk said he would leave the door and spend “more” time on Tesla.
“Earlier today, there was a media report wrongly claiming that Tesla’s board of directors had contacted the recruiting company to launch a CEO search at the company,” Denholm’s statement said. “This is absolutely wrong (which was communicated with the media before the report was released). Tesla’s CEO is Elon Musk, and the board is very confident in his ability to continue the exciting growth plan.”
Tesla has struggled since Musk began working with President Donald Trump.
Musk’s EV Automobile company reported a 71% drop in profits in the latest quarter. Tesla attributes it to a boycott of Tesla, Musk and the Governor. Tesla Sales decline The result is around the world. Many Tesla owners have also been look arrive get rid of Electric vehicles due to the company’s connection with Musk.
