Tesla: Report on successor search for Musk wrong

According to a newspaper report, Tesla rejected that the carmaker’s board of directors contacted Headhunter companies to search for a successor for CEO Elon Musk to initiate. This was « absolutely wrong », Tesla said several hours after the report of the report on Musk’s online platform X.

Musk and the Board of Directors are convinced that he could continue to implement the growth plans, it was said in the opinion of Board of Directors Robyn Denholm.

The « Wall Street Journal » had written to informed people, referring to informed people Members of the Tesla supervisory committee had addressed several companies specializing in search for managers around a month ago. The report also stated that the Musk Board of Directors asked to spend more time with Tesla matters and to share this publicly. Tesla still did not comment on this.

After the Tesla position, Musk wrote in his first reaction that the « Wall Street Journal » discredited journalism. The newspaper initially did not change its presentation.

« Tesla is Musk »

Musk has been at the head of Tesla for around two decades and is considered a driving force behind the company’s rise. « Tesla is Musk and Musk is Tesla, » wrote industry analyst Dan Ives from the financial company Wedbus.

The « Wall Street Journal » itself had limited that the current status of the considerations on the newspaper’s board of directors was not known. A month ago, Musk was increasingly criticizing investors because he was a lot of time in Washington as a cost lower US President Donald Trump spent. Last week, however, he announced that he was largely withdrawing from the role in the capital and again taking a lot more to take care of Tesla’s concerns.

This could clear a tension with a view of the stock exchange. However, Musk’s appearance in Washington and his right political views also led to some potential buyers from Tesla. Analyst Ives estimates that the demand for Tesla vehicles could have decreased by 15 to 20 percent.