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Tesla denied the media report claiming the board is hunting for new CEO as investors concern grow over Musk’s involvement with Trump administration.
Elon Musk calls it “discredit to journalism” in his X post.
Tesla, US EV automaker, has denied the media report claiming that the company “had contacted recruitment firms to initiate a CEO search”. Tesla refuted the claims through the X handle, saying, “this is absolutely false (and this was communicated to the media before the report was published).”
Tesla further said that the CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.
Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company.This is absolutely false (and this was communicated to the media before the report was published).
The CEO of Tesla is…
— Tesla (@Tesla) May 1, 2025
Elon Musk says, “it’s an extremely bad breach of ethics that the @WSJ (Wallstreet Journal) would publish a deliberately false article and fail to include an unequivocal denial beforehand by the Tesla board of directors”.
It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors! Elon Musk (@elonmusk) May 1, 2025
Elon Musk calls it “discredit to journalism” in his X post.
What WSJ Report Said
About a month ago, Tesla board members reached out to several executive search firms to find a successor for CEO Elon Musk, according to a report by WSJ.
The current status of the board’s initiative, reportedly driven by Musk’s heavy involvement with the Trump administration, remains unclear, WSJ noted.
Last week, Musk announced he would significantly reduce the time he dedicates to the Trump administration and focus more on running his various companies.
This decision follows widespread investor criticism concerning his role at the Department of Government Efficiency (DOGE), where he has led efforts to reduce federal jobs amidst declining sales of Tesla’s aging EV lineup.
His support of far-right politics in Europe has also sparked protests against Musk and Tesla, resulting in vandalism at showrooms and charging stations across the U.S. and Europe.
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