Tesla Denies WSJ Report On Replacing Musk As CEO

CNBC reports:

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk.

The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search firms to work on a formal process for finding the company’s next CEO.

Tesla chair Robyn Denholm wrote on the social media platform X that the report was “absolutely false.” “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,” she wrote.

Read the full article.



Tesla board opened search for a CEO to succeed Elon Musk, WSJ reports reut.rs/3YnYfkq

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— Reuters (@reuters.com) April 30, 2025 at 10:00 PM