Elon Musk and Tesla's board denied the WSJ report about CEO replacement rumors and deemed it false and unethical.
The WSJ reported concerns over Musk's focus on the D.O.G.E. political project, leading to discussions with directors to reaffirm commitment to Tesla.
Tesla refuted the report, asserting confidence in Musk's leadership and growth plans, leading to a 3.5% stock dip while Dogecoin rose 5%, unaffected by the rumors.
Despite the controversy, Dogecoin, the crypto accepted by Tesla, continued steady trading and rise in value, maintaining stability amidst the news.