Tesla CEO Elon Musk has called the Wall Street Journal report claiming that Tesla’s board of directors had started looking for a new CEO as “an extremely bad breach of ethics”. Reacting sharply to the news, Musk called the report a “deliberately false article” that “failed to include an unequivocal denial beforehand by the Tesla board of directors”. The WSJ report claimed that Tesla's board members had reached out about a month ago to multiple executive search firms to find the company's new CEO. Tesla chairman Robyn Denholm denied the report on X.
What Tesla CEO Elon Musk said on reports of board looking new CEO
Post shared by Tesla says:
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.
– Robyn Denholm
Responding to the post, Elon Musk further added saying “It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors !”
Elon Musk makes promise to Tesla investors
Amidst declining Tesla stock and criticism from investors, Elon Musk said that his time with the Department of Government Efficiency (DOGE) will drop to a day or two a week starting May. Musk, who leads the DOGE task force has been involved in the Trump administration, that raised concerns among Tesla investors. The company's shares has decreased by over 40% this year.
Speaking at the company’s earnings call, he said “Starting next month, May, my time allocation to DOGE will drop significantly”. During the earnings call, he also reiterated that he’ll keep backing the president with DOGE “to make sure that the waste and fraud that we stop does not come roaring back.” Stating that it is necessary to cut back on “waste and fraud”, he urged investors to “look beyond the bumps and potholes immediately ahead of us.”
What Tesla CEO Elon Musk said on reports of board looking new CEO
Post shared by Tesla says:
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.
– Robyn Denholm
It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors! https://t.co/9xdypLGg3c
— Elon Musk (@elonmusk) May 1, 2025
Responding to the post, Elon Musk further added saying “It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors !”
Elon Musk makes promise to Tesla investors
Amidst declining Tesla stock and criticism from investors, Elon Musk said that his time with the Department of Government Efficiency (DOGE) will drop to a day or two a week starting May. Musk, who leads the DOGE task force has been involved in the Trump administration, that raised concerns among Tesla investors. The company's shares has decreased by over 40% this year.
Speaking at the company’s earnings call, he said “Starting next month, May, my time allocation to DOGE will drop significantly”. During the earnings call, he also reiterated that he’ll keep backing the president with DOGE “to make sure that the waste and fraud that we stop does not come roaring back.” Stating that it is necessary to cut back on “waste and fraud”, he urged investors to “look beyond the bumps and potholes immediately ahead of us.”
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