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Lauren Almeida
Lauren Almeida

Tesla has denied a report that its board sought to replace Elon Musk as its chief executive amid a backlash against his rightwing politics and declining car sales.

Robyn Denholm, the chair of the board at the electric carmaker, said in a statement on Tesla’s social media account on X:

Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company.

This is absolutely false (and this was communicated to the media before the report was published). 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.

It followed a Wall Street Journal story published on Wednesday that claimed “board members” had contacted headhunters to recruit a successor about a month ago.

The reported move came as tensions grew at Tesla around falling profits and criticism of Musk for spending much of his time in Washington, where he has been helping Donald Trump slash federal spending as de facto head of the “department of government efficiency” (Doge).

It is unclear in the report whether these members were acting on behalf of the board as a collective, or if it was only some of them taking steps to find a new chief executive. The Tesla board is made up of eight people, including Elon Musk himself, his brother, Kimbal Musk, and James Murdoch, son of media mogul Rupert Murdoch.

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Posted: 2025-05-01 10:32:29

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