Tesla Says Report Its Board Is Looking to Replace CEO Elon Musk Is False
The vehicle maker said it backs Musk’s leadership while denying a report it’s board was in touch with recruitment firms.
Electric vehicle maker Tesla on May 1 denied a report that its board had sought to replace Elon Musk as its chief executive amid a plunging stock and declining sales.
“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,” Tesla Chair Robyn Denholm said in a statement on social media platform X.
“This is absolutely false (and this was communicated to the media before the report was published). 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.”
Denholm’s statement followed a report from The Wall Street Journal that claimed board members at Tesla had started contacting various executive search firms to find a new CEO roughly a month ago.
Tesla’s board is made up of eight people, including Musk, his brother Kimbal Musk, and James Murdoch, the son of media mogul Rupert Murdoch.
The Journal, citing people familiar with the discussions, reported that the company’s board met with Musk and told him he needed to publicly acknowledge that he needed to spend more time at Tesla.
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READ MORE: https://www.theepochtimes.com/business/tesla-says-report-its-board-is-looking-to-replace-ceo-elon-musk-is-false-5850622?ea_src=ai_recommender&ea_med=desktop_news
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