Tesla chair Robyn Denholm has firmly denied a Wall Street Journal report claiming that the company’s board had initiated a search for a new CEO to replace Elon Musk. The report, published Wednesday, suggested that Tesla’s board had contacted executive search firms a month ago regarding a potential CEO replacement, based on sources familiar with the matter.
Denholm called the report “absolutely false,” stating that Tesla’s board remains “highly confident” in Musk’s leadership as he continues to execute Tesla’s ambitious growth plans. Musk echoed this sentiment, labeling the report as a “deliberately false article” on social media platform X.
Tesla has faced mounting pressure due to Musk’s political involvement, particularly his role in the Trump administration’s efforts to reduce federal government size. This has led to protests, vandalism at Tesla’s showrooms, and a decline in EV sales in key markets like the U.S. and Europe.
The company’s stock value has also been impacted by these challenges, with shares sliding over the past few months despite some financial gains, including a “Trump Bump” that showcased Tesla EVs on the White House lawn. Investors are also concerned about Musk’s shifting focus from electric vehicles to artificial intelligence and robotics.
Denholm, who was hand-picked by Musk, defended her pay package amid criticism and reaffirmed the board’s commitment to Musk’s vision. The board, which includes Musk’s brother Kimbal and media mogul Rupert Murdoch’s son James, has been seeking to add an independent director.
Source: Swifteradio.com
