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Tesla Chair Denies CEO Search, Backs Musk
Financial Express Lucknow
|May 02, 2025
TESLA'S CHAIR DENIED a report that said board members started a search for a chief executive officer to succeed Elon Musk, saying directors are "highly confident" in his abilities.
The Wall Street Journal reported late Wednesday that unidentified Tesla board members had reached out to executive-search firms about a month ago, citing people familiar with the discussions. Robyn Denholm, Tesla's chair, called the story "absolutely false."
"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 said via the company's X account.
Tesla's vehicle sales and stock price have slumped this year as Musk has devoted significant time to working for US President Donald Trump. While the CEO reassured some investors last week by saying he'll allocate "far more" of his time to the carmaker, others are concerned he's doing lasting damage to Tesla's brand.
Diese Geschichte stammt aus der May 02, 2025-Ausgabe von Financial Express Lucknow.
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