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The Wall Street Journal, citing unnamed sources, reported that Tesla’s board of directors has initiated the search for a suitable candidate to succeed Elon Musk as CEO. However, Tesla’s board later issued a public statement refuting the report, asserting that it is untrue.
Earlier coverage suggested that Musk had become increasingly preoccupied with matters related to the White House. Combined with growing public dissatisfaction over several policies enacted by the Trump administration, frustration began to shift toward Tesla. This discontent reportedly led many investors to lose confidence in the company’s future, triggering a steady decline in its stock price. In response, the board was said to be exploring leadership alternatives.
Although Musk recently stated during an earnings call that he intends to devote more of his time to Tesla’s operations, the board appears to be pressing ahead with contingency plans. Sources claim the company has already reached out to several executive search firms to assist in identifying a qualified successor.
Nevertheless, Tesla’s board chair dismissed the report, reiterating their confidence in Musk’s leadership. Musk himself denounced the Wall Street Journal article, calling it a deliberately misleading piece aimed at manipulating public perception.
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