Tesla's chair, Robyn Denholm, refuted a Wall Street Journal report suggesting the board was seeking a new CEO to replace Elon Musk, calling it "absolutely false." Denholm reassured shareholders of the board's confidence in Musk's leadership amidst heightened scrutiny. Tesla faces significant challenges, including slumping sales attributed to market competitors and public backlash against Musk's political affiliations. Despite these issues, Musk continues to pivot the company towards AI and robotics, distancing it from its traditional automotive roots yet facing declining stock value in the wake of these developments.
Denholm called the report "absolutely false" and assured that Tesla's board is "highly confident" in Musk's ability to "continue executing on the exciting growth plan ahead."
Musk described the article as a "deliberately false article," reflecting tensions between Tesla's leadership and media narratives, amid scrutiny over the company's direction.
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