Tesla chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a replacement for CEO Elon Musk.
The Journal had reported on Wednesday that about a month ago, Tesla’s board members had reached out to several executive search firms to find a new CEO, citing people familiar with the discussions.
Denholm called the report “absolutely false” and said on X the EV maker’s board is “highly confident” in Musk’s ability to “continue executing on the exciting growth plan ahead.”
Musk said on X the report was a “deliberately false article.” Activist investors have long accused Tesla’s board of lacking independence and failing to rein in Musk.
Tesla is at a crucial juncture. Musk has pivoted from his promise of making a new, affordable EV platform to rolling out driverless taxis and humanoid robots, highlighting Tesla’s future as an …