In a recent development, the electric vehicle manufacturer Tesla has unequivocally dismissed rumors stemming from a report by The Wall Street Journal regarding the search for a new Chief Executive Officer. The WSJ’s report, which was circulated hours ago, led to rampant speculation about the future leadership of the company and the motivations behind such potential changes.
Analysts and investors began to voice concerns, suggesting that the purported move to find Musk’s successor might be an attempt to ease apprehensions following recent backlash against Elon Musk related to his involvement with the Department of Government Efficiency (DOGE). However, such speculation appears to have been unwarranted.
In a timely rebuttal, Musk took to social media to assert that the claims made in the WSJ article were baseless. He labeled the piece as an “extremely bad breach of ethics” and criticized the publication for failing to include the Tesla board’s unequivocal denial before releasing the report.
Adding to the clarification, the official Tesla account issued a statement via Twitter. The message stated:
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 Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.
– Robyn Denholm
In the face of these rumors, Tesla’s stock took a hit, closing at a 3.38% loss the previous day, with shares clocking in at $282.16. The market’s reaction highlights the fragile nature of investor sentiment, particularly in light of the multifaceted challenges facing the company.
For further insights on the matter, refer to the post: Tesla is NOT Looking to Replace Elon Musk as CEO: Company Denies WSJ Reports, originally featured on CryptoPotato.
