Tesla has publicly denied studies the US carmaker is seeking to substitute Elon Musk as CEO, saying its board is “extremely assured” of Mr Musk’s capacity to steer the corporate into the long run.
Rebutting a report by The Wall Avenue Journal, the carmaker posted on social media web site X – which Mr Musk bought in 2022 – claiming the information was “completely false”.
Mr Musk additionally posted on X claiming the report was “a discredit to journalism”.
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The Wall Avenue Journal mentioned ‘irritated’ buyers – following current Tesla inventory value falls and slowing gross sales – noticed the carmaker’s board ‘open a search’ for a brand new CEO.
It additionally cited Musk’s position in US president Donald Trump’s administration – because of finish on Might 30, 2025 – additionally noticed buyers demanding a brand new CEO, saying Musk had uncared for the automobile maker whereas at The White Hours.
The carmaker has emphatically denied it’s looking for a brand new CEO to interchange Mr Musk, who has been within the position since 2008.
“There was a media report erroneously claiming that the Tesla Board had contacted recruitment corporations to provoke a CEO search on the firm,” Tesla chair Robyn Denholm wrote on X.
“That is completely false (and this was communicated to the media earlier than the report was revealed).
“The CEO of Tesla is Elon Musk and the board is extremely assured in his capacity to proceed executing on the thrilling progress plan forward.”
Earlier at this time, there was a media report erroneously claiming that the Tesla Board had contacted recruitment corporations to provoke a CEO search on the firm.
That is completely false (and this was communicated to the media earlier than the report was revealed).
The CEO of Tesla is…
— Tesla (@Tesla) Might 1, 2025
Mr Musk took to social media to criticise The Wall Avenue Journal report.
“It’s a particularly dangerous breach of ethics that the WSJ would publish a intentionally false article and fail to incorporate an unequivocal denial beforehand by the Tesla board of administrators,” posted Mr Musk.
“It’s not that each one WSJ tales are faux, however they’re virtually all mean-spirited and misleading.”
It’s an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to incorporate an unequivocal denial beforehand by the Tesla board of administrators! https://t.co/9xdypLGg3c
— Elon Musk (@elonmusk) Might 1, 2025
Tesla’s newest earnings name reported a 66 per cent fall in working earnings over the primary three months of 2025, with complete new automobile deliveries down 13 per cent.It got here after a backlash from Tesla house owners worldwide, together with in Europe and the US, the place a variety of protests essential of Mr Musk’s authorities befell
It additionally noticed a document variety of Tesla trade-ins recorded within the US.
Within the first three months of 2025, Tesla Australia gross sales have been down 59.6 per cent in comparison with the identical interval in 2024, but the Mannequin Y stays the best-selling electrical automobile in native showrooms.
