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Tesla's chair denies the EV giant considered replacing Elon Musk as CEO

  • Robyn Denholm, the chair of Tesla, denied that the company's board considered replacing Elon Musk as CEO despite reports from The Wall Street Journal.
  • Board members had allegedly reached out to recruitment firms to find a new CEO as Tesla faced stock price plunges and public backlash over Musk's involvement in DOGE.
  • In Tesla's Q1 earnings call, Musk announced stepping back from his role in DOGE to focus more on leading Tesla, leading to a surge in the company's stock price.
  • Tesla has faced challenges including protests over federal workforce cuts, vandalism of its showrooms, and increased competition in the EV space, with its sales and stock slumping in 2025.

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