Tesla has denied claims that it has contacted recruitment firms to initiate a search for a replacement for Elon Musk as CEO. Reports from The Wall Street Journal suggested that Tesla’s board began looking for a successor last month due to concerns over Musk’s focus on his role in the Trump administration and the company’s declining share price. However, Tesla labeled these reports as “absolutely false,” with Musk criticizing the Journal’s reporting on social media platform X. Tesla chair Robyn Denholm also confirmed the reports were incorrect, emphasizing the board’s confidence in Musk’s leadership. Musk has previously stated he would allocate more time to Tesla and reduce his government role.
— new from BBC
