Musk’s Tesla Troubles: Board Denies CEO Replacement Amidst Brand Backlash
Following a Wall Street Journal report suggesting Tesla’s board was exploring CEO replacements due to Musk’s absenteeism and Tesla’s poor first-quarter performance, Musk vehemently denied the claims on X. Tesla’s board chairwoman, Robyn Denholm, also issued a statement refuting the report. The Journal’s article noted Tesla’s lack of prior comment on the matter. Musk’s divided attention between Tesla and his role within the Trump administration, marked by significant public backlash, appears to have contributed to the speculation.