‘Absolutely False': Musk And Tesla Chair Dismiss Report Saying Carmaker Sought To Replace CEO

Core Viewpoint - Tesla's board and CEO Elon Musk strongly refuted a Wall Street Journal report suggesting that the board was searching for a new CEO due to concerns over Musk's involvement in the Trump administration and the company's declining stock price [1][2][3]. Group 1: Board's Response - Tesla Chair Robyn Denholm labeled the Wall Street Journal report as "absolutely false" and stated that the board had communicated this to the publication prior to the article's release [3]. - Denholm affirmed Musk's position as CEO and expressed the board's confidence in his ability to lead the company's growth plans [4]. Group 2: Musk's Commitment - During a recent earnings call, Musk indicated he would be dedicating significantly more time to Tesla starting next month, although he did not fully commit to stepping back from his government role [5]. - Musk mentioned he would continue to allocate one to two days per week to government matters as long as the President desired his involvement [5].