Tesla has firmly dismissed recent media reports alleging that the company is on the hunt for a new CEO to replace Elon Musk. The Wall Street Journal previously stated that the board had initiated contact with recruitment agencies last month due to dissatisfaction with Musk’s dual roles in both the electric vehicle company and from his position in former President Trump's administration, alongside concerns regarding Tesla's declining stock prices.
In a statement released on Thursday, Tesla categorically refuted these claims, labeling them "absolutely false." Elon Musk also took to social media, criticizing the Wall Street Journal's reporting as a severe lapse in journalistic ethics. Tesla chair, Robyn Denholm, reiterated that Musk remains the CEO and has the board’s full confidence in leading the company through its ambitious growth trajectory.
According to the Journal, Musk was urged to publicly affirm his commitment to Tesla, to which he reportedly did not object. Following up on this theme, Musk reaffirmed his dedication to Tesla in a recent earnings call, promising to dedicate more time to the company and reduce his governmental engagements.
The controversy surrounding Musk has intensified due to his leadership role within Trump's newly established advisory committee, the Department for Government Efficiency (Doge), drawing backlash from customers. Some Tesla patrons have threatened to boycott the brand due to Musk’s polarizing political stances, which allegedly have affected consumer loyalty, leading to protests and vandalism at dealerships.
Although Musk instrumentalized considerable funds for Trump's campaign, the exact timeline of his potential exit from the Doge role remains ambiguous. Reports suggest that if Musk continues in his governmental position, his working days would soon be capped as he approaches the limit for temporary government officials. Musk himself has made light of the multitasking demands on him, joking about wearing multiple hats in a recent appearance.
In the political realm, Musk also pushed for scrutiny over Federal Reserve expenditures, a position that aligns with his previous comments, even as such proposals raise concerns regarding the central bank's autonomy.
The tension within Tesla continues as the company navigates its leadership dynamics alongside Musk’s controversial public profile.
In a statement released on Thursday, Tesla categorically refuted these claims, labeling them "absolutely false." Elon Musk also took to social media, criticizing the Wall Street Journal's reporting as a severe lapse in journalistic ethics. Tesla chair, Robyn Denholm, reiterated that Musk remains the CEO and has the board’s full confidence in leading the company through its ambitious growth trajectory.
According to the Journal, Musk was urged to publicly affirm his commitment to Tesla, to which he reportedly did not object. Following up on this theme, Musk reaffirmed his dedication to Tesla in a recent earnings call, promising to dedicate more time to the company and reduce his governmental engagements.
The controversy surrounding Musk has intensified due to his leadership role within Trump's newly established advisory committee, the Department for Government Efficiency (Doge), drawing backlash from customers. Some Tesla patrons have threatened to boycott the brand due to Musk’s polarizing political stances, which allegedly have affected consumer loyalty, leading to protests and vandalism at dealerships.
Although Musk instrumentalized considerable funds for Trump's campaign, the exact timeline of his potential exit from the Doge role remains ambiguous. Reports suggest that if Musk continues in his governmental position, his working days would soon be capped as he approaches the limit for temporary government officials. Musk himself has made light of the multitasking demands on him, joking about wearing multiple hats in a recent appearance.
In the political realm, Musk also pushed for scrutiny over Federal Reserve expenditures, a position that aligns with his previous comments, even as such proposals raise concerns regarding the central bank's autonomy.
The tension within Tesla continues as the company navigates its leadership dynamics alongside Musk’s controversial public profile.
