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The Verge

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Tesla board denies report it wanted to replace Elon Musk

  • Tesla board denied a Wall Street Journal report claiming they were looking for a new CEO to replace Elon Musk.
  • The report stated that the board had started searching for a successor about a month ago, but this was refuted by Tesla's board chair, Robyn Denholm, on Musk's social platform X.
  • Denholm asserted that the board has confidence in Musk's leadership and denied initiating a CEO search.
  • Elon Musk accused the Wall Street Journal of breaching ethics and claimed they had received a denial from him beforehand. Despite the confidence in Musk, Denholm sold over $32 million worth of Tesla shares recently.

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