Tesla Inc.'s chair denied a report that said board members started a search for a chief executive officer to succeed Elon Musk, saying directors are “highly confident” in his abilities. The Wall Street Journal reported late Wednesday that unidentified Tesla board members had reached out to executive-search firms about a month ago, citing people familiar with the discussions.
Tesla is pushing back against a Wall Street Journal report claiming its board is actively seeking a successor to CEO Elon Musk.
Electric vehicle (EV) biggie Tesla TSLA had a rough start this year. It saw its sales slipping across all key regions, including the United States, China and Europe.
It hasn't been an easy year for electric vehicle maker Tesla (TSLA -3.08%), which has seen its stock fall roughly 30% this year (as of April 30 market close). The company reported disappointing first-quarter results, with deliveries of roughly 337,000 coming in the lowest level seen since 2022.
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.