Robyn Denholm, chair of Tesla's board, refuted a Wall Street Journal report indicating the board was seeking a replacement for CEO Elon Musk. Denholm expressed the board's confidence in Musk's leadership, especially as he pledges to focus more on Tesla's growth amid recent profit declines. Musk's political engagements and his role in the Trump administration have led to investor concerns, particularly as Tesla sales fall significantly. Analysts critique Tesla for its limited vehicle lineup, essential for maintaining market competitiveness.
Elon Musk's involvement in government has created tension with investors, as they concern over his focus appears to divert attention from pressing issues at Tesla.
Robyn Denholm firmly defended Elon Musk's position as CEO, dismissing reports of a search for his successor, emphasizing the board's confidence in his leadership.
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