Tesla board of directors is looking for a replacement for Musk. But the company denies it
The Wall Street Journal reported that Tesla's board of directors is looking for a replacement for CEO Elon Musk. The company's shares fell 3% after the news.
The Wall Street Journal reported that Tesla's board of directors is looking for a replacement for CEO Elon Musk. The company's shares fell 3% after the news.
On April 30, the Wall Street Journal, citing its own sources, reported that Tesla's board of directors had reached out to several executive search firms to work on a formal process to find the company's next CEO.
Tesla CEO Robin Denholm later wrote on social media that the report was "completely false."
“Earlier today, a media report incorrectly stated that Tesla’s board of directors had contacted recruiting firms to begin a search for a CEO,” she wrote. “This is completely untrue (and was reported to the media before the report was published). Tesla’s CEO is Elon Musk, and the board is confident in his ability to continue executing on the company’s exciting growth plan.”
In April, Tesla announced results for the first three months of 2025 : deliveries fell by 50,000 cars to 336,681 cars, down 13% from the same period last year.
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