Tesla has denied a report from the Wall Street Journal, which it claims its board is actively considering it on behalf of Elon Musk CEO. Tesla Chairman Robin Denholm took him to social platform X and closed the story, stating that the report was “absolutely wrong.”
“Today there was a media report incorrectly claiming that the Tesla board had contacted the recruitment company to start a CEO search at the company,” she wrote in X’s post.
“This is absolutely wrong (and this was communicated to the media before the report was released). Tesla’s CEO is Elon Musk, and the board is extremely confident in its ability to continue to execute with its exciting growth plans ahead.”
I didn’t even hold back any masks. In X’s sharp post, he said:
“It is a very bad ethical violation that @WSJ intentionally publishes false articles and fails to include any clear denials by Tesla’s board in advance!”
It is a very bad ethical violation that @WSJ intentionally publishes false articles and fails to include any clear denials by Tesla’s board in advance! https://t.co/9xdyplgg3c
– Elon Musk (@elonmusk) May 1, 2025
Despite strong denials, the market did not get worse. Tesla shares remained flat in pre-market trading on Thursday after immersing 3% in Robinhood after the report.
As reported last night, WSJ’s story claimed, citing an unnamed source, that the board reached out to the executive search company to begin a formal process to find a successor to Musk.
This is all rocky time for Tesla. The company missed expectations for both first quarter revenue and profits, and Musk suggests that his alignment with the Trump administration could be squeezing stocks.
During the revenue call last week, Musk said he plans to spend “a day or two or two” starting in May, leading the efficiency of the new government.
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