Tesla denies rumors of searching for a new CEO
(Wall Street Journal) today published a report claiming that the Tesla board has contacted several high-level headhunting firms to begin the search for a new CEO to succeed Elon Musk.
In response, Tesla Chairman Robyn Denholm strongly denied the news this afternoon, stating that the report is "completely false," and emphasized that the board has "high confidence in Musk continuing to execute the company's future growth plans." Musk himself also responded on X, stating that the report is "deliberately published fake news."
It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors! https://t.co/9xdypLGg3c
— Elon Musk (@elonmusk) May 1, 2025
Tesla is at a critical turning point
Due to Musk focusing a lot of energy on the Department of Government Efficiency (DOGE), along with political controversies causing Tesla's electric vehicle sales to decline sharply recently, several Tesla showrooms and charging stations have been vandalized in the U.S. and Europe. However, Musk previously stated in the earnings call that he would significantly reduce the time spent on Trump administration affairs and devote more energy to running Tesla.
Faced with increasing global competition, Musk has shifted Tesla's focus from creating an affordable electric vehicle platform to launching autonomous taxis and humanoid robots. He emphasized that Tesla's future is no longer just as a car manufacturer, but as an artificial intelligence and robotics company.
Currently, a significant portion of Tesla's company valuation is built on this future vision, with some investors believing that the Trump administration's policies will help drive this transformation. Last week, federal regulators eased testing requirements for autonomous vehicles, boosting Tesla's stock price.
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