Tesla Denies CEO Search as Q1 Profit Falls 71%, Stock Down 30%, Musk’s DOGE Role Under Fire

A Wall Street Journal report asserting that Tesla’s board was searching for Elon Musk’s replacement has triggered strong denials and raised concerns about the electric vehicle manufacturer’s strategic direction. The May 1st WSJ piece claimed that Tesla’s board reached out to executive recruitment agencies approximately one month ago to identify Musk’s potential successor. The reported search coincided with Tesla’s stock plunge and growing investor concerns about Musk’s split focus between Tesla and his role in the Trump administration’s Department of Government Efficiency (DOGE). “Absolutely false,” Tesla board chair Robyn Denholm stated firmly on X, adding this denial was communicated to … Continue reading Tesla Denies CEO Search as Q1 Profit Falls 71%, Stock Down 30%, Musk’s DOGE Role Under Fire