Tesla Chairman of the Management Board has denied that the company once held the replacement of Elon Musk as CEO in the middle of the stock prices and the global brand crisis caused by his work in Doge.
Robyn Denholm said Wednesday that the board had a great deal of trust in billionaire management after the Wall Street Journal announced that the board members had been looking for a new CEO.
The magazine announced that as the price of Tesla's share fell in March and April in the middle of sales and public setback in Musk's work in Doge, unnamed Tesla board members turned to recruitment companies to work with the process to choose Tesla's next CEO.
Members of the Management Board had also told Musk that he needed more time to spend more time in Tesla and publicly approve their commitment to the company, the magazine said, referring to the people familiar with the discussions.
Tesla last week in the first quarter income, Musk announced that she will resign in May from the role of her White House and allocate more time to run Tesla, and the company's stock prices are increasing in response.
“Now we get more rhythm, and so I need much less time here and I can return to my business management – what they need me,” Musk said in an interview with journalists in the White House on Wednesday evening before publishing the story.
On Wednesday, the chairman Robyn Denholm named the report “Absolutely False” to the Tesla X account on Wednesday.
“The CEO of Tesla is Elon Musk and the board is very confident in its ability to continue filling the exciting growth plan for the upcoming growth,” said Denholm. Musk also denied the article in the X post.
It comes to Tesla in the middle of the beginning of a rock.
The car manufacturer has been hit by a global protest wave of protest over the role of Musk in cutting the federal labor, which has also made their vehicles the target of vandalism and rejected some of the owners to sell.
The brand crisis has encouraged sales to collapse, Tesla announced its lowest quarter since last month 2022.
The company is also facing a growing competition in the EV space, especially in China, by Warren Buffett-supported by BYD, who is on sale and revenue this year.
Tesla stock price that rose after the US election has fallen about 30% From the beginning of the year, causing an interference with investors how much attention to Musk Tesla is paying.
In a Wednesday note, Wedbush Securities Analyst and Tesla Bull Dan Ives said that Musk did properly when he resigned from his doge role, and that Musk is likely to remain CEO for at least five years.
“This situation in Dog Musk reached a breakpoint, but we believe that the cooler heads have now ruled,” Ives said, describing the search for possible substitutes between Tesla Board and Musk “high-stakes as a poker game”.
Musk and Tesla did not respond to the commentary request sent outside the normal working hours.
