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Report: The Tesla Board Began Searching For A Replacement For Elon Musk
Tesla’s board reached out to several agencies in March to begin a search for a new CEO to replace Elon Musk, the Wall Street Journal reported, citing several anonymous sources.
It is unclear what the timetable for Musk’s resignation would be and whether the search is still ongoing, the newspaper writes. The search is said to have been fueled by Musk’s involvement in the Trump administration as head of the DOGE task force, which is supposed to ensure greater government efficiency. This has led to discontent among some customers. Some Tesla owners said they were embarrassed by Musk’s use of their cars, and around the world, customer vehicles and charging stations have been vandalized.
Tesla’s profits then plummeted in the first three months of this year. In the first quarter, the electric carmaker sold 13 percent fewer cars worldwide.
Tesla denies in a post on X the claim that the electric carmaker is looking for a replacement for Musk. The Wall Street Journal report is “absolutely false,” says Tesla Board Chair Robyn Denholm. “Tesla’s CEO is Elon Musk, and the board has great confidence in his ability to continue executing on our exciting growth plan going forward,” she adds.
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