Shares of Tesla Inc. (NASDAQ: TSLA) dropped 3.4% on Wednesday, further eroding the recent run after Elon Musk promised to return his attention to the company he runs.
Insider buying has slowed considerably in the past week or so, due largely to the current first-quarter earnings reporting season.
UK retail investors showed an appetite for US tech stocks and home-market staples over the month of April, with Nvidia Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA) and BP PLC (LSE:BP.) featuring across multiple platforms as top buys.
Elon Musk and Tesla are denying a report from The Wall Street Journal that the company has reached out to executive search firms in a hunt for its next CEO.
Tesla (TSLA) chair Robyn Denholm Thursday denied a report that the EV maker's board members had reached out to several executive search firms to start a formal process to replace CEO Elon Musk.
Tesla chair Robyn Denholm has denied that the company's board considered replacing Elon Musk as CEO. The Wall Street Journal reported that board members began searching for a replacement last month.
Tesla Inc (NASDAQ:TSLA) chair Robyn Denholm has publicly denied claims that the company's board is searching for a new chief executive to replace Elon Musk. A Wall Street Journal report had alleged that board members contacted executive search firms last month, citing concerns over Musk's time spent on political duties under the Trump administration.
Tesla board members reached out about a month ago to several executive search firms to find a successor to CEO Elon Musk, the Wall Street Journal reported.
According to a new, brow-raising WSJ report, Tesla's board quietly began searching for Elon Musk's potential successor about a month ago, approaching executive search firms as the carmaker faced protests, plummeting sales, and shrinking profits while Musk waded into Washington to slash government spending.
Tesla's board members have reportedly started their search for someone to replace Elon Musk as CEO.
Tesla Inc.'s board of directors took steps toward finding Chief Executive Elon Musk's successor earlier this month, as the EV maker's stock sank while Musk prioritized his DOGE efforts, according to a new report.
With profits and the stock price sinking, board members told Musk he needed to spend more time at the company.