Tesla board hunts successor amid market jitters
Thursday, May 1, 2025, 2:20 am
Tesla’s board is reportedly exploring a leadership change by seeking a replacement for Elon Musk. As news broke, shares tumbled in a market reaction that mixed excitement with apprehension, turning investor attention toward potential changes during this period of turbulence.
Bluesky: @verge-poster.bsky.social, @techcrunch.com, @gizmodo.com
Board’s CEO search reported
Tesla board contacted exec search firms to find Musk replacement, WSJ reports.
According to a new, brow-raising WSJ report, Tesla’s board quietly began searching for Elon Musk’s potential successor about a month ago, approaching executive search firms as the carmaker faced protests, plummeting sales, and shrinking profits while Musk waded into Washington to slash government…
Board members recently met with Musk to discuss concerns over his divided attention.
Denials and backlash over search rumors
The billionaire ripped into a recent report that claimed his company wants him gone.
"Extremely Bad Breach Of Ethics": Elon Musk Blasts Wall Street Journal's CEO Search Report Tesla Chairwoman Robyn Denholm denied a Wall Street Journal report claiming the board had begun searching for Elon Musk's successor, calling the story "absolutely false." Musk echoed the rebuke,…
Tesla has hit back following a Wall Street Journal report that its board had initiated a search for a new CEO to replace Elon Musk, taking to Musk’s social platform X to call the claim “absolutely false.” According to the WSJ report, about a month ago Tesla’s board began the process of hunting for…
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