Tesla: Elon Musk Slams 'Discredited' Wall Street Journal for Publishing False CEO Succession Report
Tesla's board chair, Musk, denies claims of a hunt for a new CEO, as per reports circulating.
Elon Musk, Tesla's unyielding CEO, is firing back at the Wall Street Journal after the publication ran a report suggesting that Tesla's board is searching for a new CEO. Musk took to his platform X, a platform he co-owns, to vehemently deny the allegations, calling them "absolutely false" and an "extremely bad breach of ethics."
The Journal's report, published Wednesday, suggested that Tesla's board members reached out to numerous executive search firms roughly a month ago to initiate a formal CEO succession process. The report, which cited people familiar with the matter, claimed that this move came as Tesla's stock was sliding and some investors were growing frustrated with Musk's involvement in the Department of Government Efficiency (DOGE).
However, Robyn Denholm, the chair of Tesla's board, wasted no time refuting the claims. In a post on X, Denholm wrote:
Tesla's denial follows a lukewarm earnings release last week, where the company reported a nearly 20% drop in automotive revenue for the first quarter of 2025, compared to the same period the previous year. During an earnings call following the release, Musk stated that his time commitment to DOGE would "drop significantly."
TSLA
Never one to mince words, Musk called the Journal's decision to publish the false report a "deliberately false article" and a "disgrace to journalism." He continued:
TESLA INC.288.44
FOX Business' Aislinn Murphy contributed to this report.
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| Ticker | Security | Last | Change | Change % || --- | --- | --- | --- | --- || TSLA | TESLA INC. | 288.44 | 6.28 | 2.23% || Powered By |
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Sources:
- Wall Street Journal report
- Robyn Denholm's statement on X
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- Despite the Wall Street Journal's report suggesting Tesla's board was searching for a new CEO, Elon Musk, Tesla's CEO, called the article "absolutely false" and a "disgrace to journalism."
- The Wall Street Journal's report, which cited people familiar with the matter, claimed that Tesla's board members had reached out to executive search firms to initiate a formal CEO succession process.
- Tesla's chair, Robyn Denholm, denied the claims made in the Wall Street Journal report, stating that the suggestion of a CEO search was "absolutely false."
- Tesla's denial comes after a lukewarm earnings release last week, where the company reported a nearly 20% drop in automotive revenue for the first quarter of 2025 compared to the same period the previous year.
- In executing their business, allocating finance, and investing in markets, decisions made by entities like Tesla are closely watched and reported by reputable news sources such as Reuters and FOX Business.
