Tesla's board reportedly began searching for a potential successor to Elon Musk around a month ago amidst protests and declining sales.
Board members expressed concerns to Musk about his divided attention, urging him to focus more on Tesla, to which Musk agreed.
Tesla denied approaching recruitment firms for a successor, disagreeing with a recent WSJ report, causing Musk to criticize the alleged breach of ethics.
Musk's government work led to a sales decline for Tesla and impacted its brand image; however, Musk remains optimistic about Tesla's future despite recent profit and revenue drops.