Tesla has officially denied a report published by the Wall Street Journal that alleged the company's board of directors was actively seeking a replacement for CEO Elon Musk. In a statement released Thursday, Tesla characterized the report as "utterly false." The initial report suggested that some board members had grown concerned about Musk's attention being divided between Tesla and his other ventures, including SpaceX and X (formerly Twitter).
Shares of Tesla remained relatively unchanged in premarket trading after the denial, indicating that investors were not significantly swayed by the initial report. Tesla's statement emphasized its full confidence in Musk's leadership and his ongoing commitment to the company's success. The company's future plans and ongoing projects remain focused on expanding electric vehicle production and developing new technologies in energy storage and artificial intelligence. Tesla's denial seeks to reassure investors and employees alike about the stability of its leadership.
Tesla Denies Report of Board Seeking Elon Musk Replacement
Tesla has refuted a Wall Street Journal report claiming its board of directors was secretly searching for a new CEO to replace Elon Musk. The electric vehicle company stated the report is entirely false. Tesla's stock remained stable in premarket trading following the denial. The company reaffirmed its commitment to Musk's leadership.
Source: Read the original article at NBC