Tesla(US:TSLA) Business Insiderยท2025-05-01 08:45Group 1 - Tesla's board chair, Robyn Denholm, denied any consideration of replacing Elon Musk as CEO, asserting high confidence in his leadership despite recent stock price declines and brand challenges [1][3] - Reports indicated that unnamed board members had reached out to recruitment firms for a potential CEO search amid a significant drop in Tesla's stock price and sales, attributed to Musk's involvement with DOGE [2][5] - Following a poor sales quarter, Musk announced plans to focus more on Tesla, which led to a positive stock price reaction [3][4] Group 2 - Tesla is experiencing a challenging year, facing protests related to Musk's actions, which have negatively impacted brand perception and sales, resulting in the lowest quarterly sales since 2022 [4] - The company is encountering increased competition in the electric vehicle market, particularly from BYD, which has surpassed Tesla in sales and revenue this year [5] - Analyst Dan Ives expressed optimism about Musk's decision to step back from DOGE, suggesting he will remain CEO for at least another five years, framing the board's search for a replacement as a strategic negotiation [6]