Tesla chair denies plans to replace CEO Elon Musk

Tesla chair Robyn Denholm yesterday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a replacement for CEO Elon Musk.

- ABHIRUP ROY BIPASHA DEY

The Journal had reported on Wednesday that Tesla’s board members had reached out about a month ago to several executive search firms to find the company’s new CEO, citing people familiar with the discussions.

Ms Denholm said on X that the report was “absolutely false” and said that the EV maker's board is “highly confident” in Mr Musk’s ability to “continue executing on the exciting growth plan ahead”. Mr Musk also said on X that the report was a “deliberately false article”.

Mr Musk said last week he would cut back significantly on the time he devotes to the Trump administration and spend more time running Tesla.