Tesla has vehemently denied recent reports suggesting that its board of directors was in the process of searching for a new CEO. The company issued a statement refuting the claims, stating that Elon Musk, the current CEO, has the full support of the board.
In a post on its official X account, Tesla Chair Robyn Denholm said, “The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.” The company also mentioned that it had informed the media outlet in question of this denial before the story was published.
Elon Musk, in a repost of the statement on X, criticized the original article and the publication, calling it an “EXTREMELY BAD BREACH OF ETHICS” for the Wall Street Journal to publish a “DELIBERATELY FALSE ARTICLE” without including an unequivocal denial from the Tesla board of directors.
The Wall Street Journal had reported that Tesla’s board was exploring the possibility of replacing Elon Musk as CEO due to concerns about his attention being divided across multiple companies and Tesla’s challenges in the competitive electric vehicle market. However, as of now, the links to the WSJ and Reuters articles are no longer accessible online.
Tesla’s swift and strong denial of these reports underscores the company’s confidence in Elon Musk’s leadership and vision for the future. Despite facing political blowback in New York over dealership exemptions, Tesla remains steadfast in its support for Musk as CEO. The company continues to focus on its growth plan and innovation in the electric vehicle industry under Musk’s leadership.