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.
Tesla (TSLA -3.08%) stock lost ground Wednesday amid a wild day of trading that saw the market sell off on first-quarter gross domestic product (GDP) data and then rebound following an indication that trade negotiations between the U.S. and China are underway. The company's share price fell 3.4% in the daily session and had been off as much as 7.4% earlier in trading.
Tesla board chairwoman Robyn Denholm has sold another tranche of stock, regulatory filings revealed this week.
Tesla: Elon Musk's Long Awaited Return Is Here - Prospects Remain Mixed
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