Tesla is reportedly facing major internal challenges as CEO Elon Musk's leadership comes under scrutiny amid significant drops in sales and revenue. The Wall Street Journal reported that the board began searching for a potential replacement for Musk, suggesting feelings of discontent among investors regarding his focus away from Tesla and onto political engagements. This situation unfolds after a series of criticisms aimed at the board for allowing Musk too much control. Both Musk and Tesla have refuted these claims about a potential CEO change, highlighting the tensions within the company.
Tesla's board began to consider replacing Elon Musk as CEO amidst declining sales, a toxic brand image, and a significant revenue drop, raising concerns over his leadership.
Despite being criticized for allowing Musk to lead unchecked, the board reportedly initiated a CEO search during Musk's focus on politics, reigniting discussions around his leadership.
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