Tesla board denies report it wanted to replace Elon Musk

Tesla has deed backmost pursuing a Wall Street Journal study that its committee had initiated a hunt for a caller CEO to regenerate Elon Musk, taking to Musk’s societal level X to telephone the assertion “absolutely false.”

According to the WSJ report, astir a period agone Tesla’s committee began the process of hunting for a successor to Musk, reaching retired to “several” enforcement hunt firms and getting arsenic acold arsenic narrowing down to 1 steadfast to pb the search. 

Around the aforesaid clip the committee reportedly told Musk helium needed to walk much clip connected Tesla, and little connected DOGE, and accidental truthful publicly. In an earnings telephone past week helium did precisely that, promising that from May he’d beryllium “allocating acold more” of his clip to Tesla. The car institution has suffered from slumping sales, declining revenue, and a large marque situation since Musk took connected a person relation with Donald Trump and led efforts to slash authorities spending. There’s bully crushed to deliberation Tesla and Musk’s different companies stand to payment from that enactment too, though.

Tesla moved rapidly to cull the Journal’s report, publishing a rebuttal connected X from committee seat Robyn Denholm, who said the directors are “highly confident” successful Musk’s quality to pb Tesla. She some denied that the committee had initiated a CEO search, and claimed that “this was communicated to the media earlier the study was published.” The WSJ has not yet updated its communicative oregon responded to Denholm’s statement, though notes successful its archetypal study that it reached retired to Musk for remark and didn’t person any.

Musk himself aboriginal tweeted his thoughts, accusing the insubstantial of an “EXTREMELY BAD BREACH OF ETHICS,” and suggesting that it had been sent an “unequivocal denial beforehand.”

Tesla’s committee has 8 members, including Musk himself on with his brother, Kimbal Musk, and James Murdoch, lad of Rupert Murdoch. The radical has been accused of being “full of sycophants,” and “overly beholden to CEO Musk,” particularly successful the aftermath of past year’s efforts to secure Musk a record-breaking wage package.

As for Denholm? Despite that precocious assurance successful Musk, she conscionable sold implicit $32 cardinal worthy of Tesla shares, her 3rd large merchantability successful 3 months, and appears to beryllium liquidating her presumption successful the company.