Tesla denies report claiming board looked to replace Elon Musk
Briefly

Tesla has firmly denied rumors stating the board considered replacing Elon Musk as CEO amid declining sales and political backlash. Robyn Denholm, chair of the board, asserted that a media report claiming they initiated a search for a successor was false. Although some board members may have explored recruitment options independently, the collective board remains confident in Musk's leadership and ongoing growth strategies. This comes as profits have significantly decreased, raising concerns about the company's performance and Musk's public political affiliations that have faced criticism.
Robyn Denholm, chair of Tesla's board, stated that a media report claiming the board sought to replace Elon Musk as CEO was absolutely false.
The Tesla board's confidence in Elon Musk remains strong despite falling profits and backlash against his political engagement.
Read at www.theguardian.com
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