Elon Musk and Tesla Chair Robyn Denholm on Thursday strongly denied a Wall Street Journal report claiming the Tesla board had begun searching for a new CEO. Denholm called the article “absolutely false,” asserting that the board remains confident in Musk’s leadership and no search process has begun.
The WSJ story alleged board members had contacted executive search firms due to concerns Musk was spending too much time leading DOGE, the federal cost-cutting initiative under President Trump. Tesla shares have fallen by roughly a third since Trump took office, and some analysts have warned of a brand “crisis.”
Musk responded by accusing the WSJ of publishing a “deliberately false article,” claiming the board had already issued denials before the report went live.
Analyst Dan Ives of Wedbush said the situation had reached a “breaking point” but believes Musk will remain CEO for at least five years. Recent polling shows Musk’s public favorability and perceived influence have declined since his closer alignment with Trump’s administration.
Source(s)
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
