Tesla’s board might have been trying to oust CEO Elon Musk, but after a Wall Street Journal report made the news public, the board is apparently backpedalling. Board chair Robyn Denholm has now said on X (Twitter) that the board is “highly confident” in Musk.
That all being said, if my secret plan to oust my CEO got published in national news, I might say something like this on Twitter too.
According to the Wall Street Journal report, some members of Tesla’s board began searching for a replacement CEO a month ago after finding that Musk was spending too much time on DOGE and Tesla stock was falling. The report also says that the board asked Musk to step back from his government role and refocus on Tesla. This part came true in a recent Tesla earnings call when Musk said he’d do just that.
Denholm has denied both the search for a new CEO and says that the board communicated this with the media before the story was published. Musk followed this up on Twitter stating that the publication was sent an “unequivocal denial beforehand.”
In an update to its original story, the WSJ claims it received no comment from Musk or the board before publication. The Verge notes that Denholm has also been liquidating her Tesla stock in the past few months, suggesting she may be gearing up to leave the company.
Source: The Verge, Wall Street Journal
Image credit: Saturday Night Live
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