Tesla has refuted rumours that it had contacted employment agencies to begin looking for someone to succeed Elon Musk as CEO. The board of the electric vehicle company started searching for Mr. Musk’s replacement last month, according to a Wall Street Journal story published on Wednesday. It said that the reason behind this was annoyance with Mr. Musk’s attention to his position in the government of US President Donald Trump and the declining value of Tesla’s stock.
However, Musk said on his social media platform X that the news was “a discredit to journalism” and Tesla described it as “absolutely false” in a statement released on Thursday. “There was a media report that falsely claimed that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company,” Robyn Denholm, the chair of Tesla, said on X.
“This is absolutely false (and this was communicated to the media before the report was published).” She continued: “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.” The denial follows the Wall Street Journal’s report, which cited anonymous sources, that Mr. Musk was informed by the board that he needed to devote more time to Tesla and that he needed to publicly express this opinion. According to the report, Mr. Musk did not object to the proposal.
Also Read:
The President and Authorities of Dubai Promise to Raise the Standard of Living for their Residents
A Chinese Woman is Commended by Dubai Police for Her Exceptional Collaboration
