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Tesla New CEO: American Automative Company Tesla’s board of administrators has reportedly initiated a seek for a possible successor to the CEO Elon Musk, in keeping with a document through The Wall Street Journal (WSJ), which cited resources accustomed to the subject. The alleged transfer comes amid rising inside tensions following a pointy decline in Tesla’s earnings and inventory worth, in addition to mounting investor considerations over Musk’s expanding involvement in political actions.
However, simply hours after the document used to be revealed, each Musk and Tesla issued robust denials. Musk answered angrily on social media, accusing The Wall Street Journal of an “EXTREMELY BAD BREACH OF ETHICS” and labeling the tale a “DELIBERATELY FALSE ARTICLE.”
It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would submit a DELIBERATELY FALSE ARTICLE and fail to incorporate an unequivocal denial previously through the Tesla board of administrators! https://t.co/9xdypLGg3c
— Elon Musk (@elonmusk) May 1, 2025
Tesla Chair Robyn Denholm additionally pushed aside the claims, calling any recommendation of an energetic CEO seek “absolutely false.” She reaffirmed the board’s complete self assurance in Musk, declaring he stays excited about executing the corporate’s enlargement technique.
Elon Musk, the sector’s richest guy, who brazenly supported Donald Trump all through his marketing campaign. Musk spent a whopping $250 million on Trump’s marketing campaign remaining yr. Musk has additionally been given a brand new position on the White House. He has been put in control of the Department of Government Efficiency (DOGE), a crew excited about reducing federal spending and ensuring all US executive departments paintings extra successfully.
Even although Elon Musk runs a number of large corporations like SpaceX, Neuralink, xAI, and X (previously Twitter), Tesla remains to be his most dear industry. But fresh monetary problems have raised considerations about who’s main the corporate.
Tesla reported a pointy 71% drop in profits for the primary quarter, with each gross sales and earnings falling. After the profits document, Musk stated he would step clear of his executive position to focal point extra on operating Tesla.
