Tesla is reportedly exploring options for a new CEO as it faces a decline in sales and profits, according to the Wall Street Journal. Unnamed sources suggest board members contacted executive search firms for potential replacements. CEO Elon Musk vehemently denied these claims, expressing outrage over the article's publication without prior denial from the board. Board chair Robyn Denholm supported Musk and emphasized confidence in his leadership. The incident raises questions about the board's loyalty and the internal stability of the company amidst investor concerns regarding Musk's commitment to Tesla.
Did members of the company's board, who have historically been extremely loyal to Musk and his vision, really go behind his back to line up a successor?
Regardless of the legitimacy of the WSJ's sources - and we should point out that the paper's business reporting is some of the most reliable in the world, so we're doubtful at the claim that the story is completely false.
Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.
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.
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