✨✨Is Elon Musk Leaving His Position at Tesla? How Will Dogecoin Be Affected by a Possible Separation? Here Are the Details ✨✨

Rumors about Elon Musk stepping down as CEO of Tesla did not significantly affect Dogecoin.

Tesla CEO Elon Musk denied the news of his departure, while the price of Dogecoin remained stable. Memecoins are generally sensitive to Musk's statements and commercial developments, but Dogecoin traded between $0.16 and $0.17 in the last 24 hours, showing little reaction to these rumors. During the same period, the overall cryptocurrency market also followed a sideways trend.

Members of Tesla's board of directors stated that they have been searching for a new CEO for a while due to Musk's increasing alignment with the Trump administration. The board had asked Musk to commit publicly to focusing on Tesla. However, Tesla quickly dismissed these rumors. In a statement made on Thursday morning from the official X account, it was said, "This is absolutely false.

"Elon Musk is the CEO of Tesla, and the Board has great confidence in his ability to continue executing the exciting growth plan ahead," the statement read. Musk, in a personal post, denied these claims and described the situation as "a deliberately misleading article."

Musk's influence on Dogecoin has been well known for a long time. Musk has been a strong supporter of Dogecoin for years, frequently mentioning this token in his social media posts and interviews. Despite the occasional turmoil in Musk's personal and professional life, the resilience of Dogecoin's price against such situations indicates that the token market has matured beyond being solely dependent on one figure.

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