Tesla Denies Reports of Musk Replacement Search Amid Sales Decline

Recent reports claimed that Tesla’s board was seeking a replacement for CEO Elon Musk due to concerns over his focus on political activities and declining company profits. Tesla chair Robyn Denholm and the company’s official social media have strongly denied these claims, labeling them as false and erroneous, and stating confidence in Musk's leadership and commitment to Tesla’s growth. The Wall Street Journal report cited unnamed sources who alleged that some board members had contacted executive search firms about succession planning, but Denholm clarified that the board had not collectively initiated such a process. Meanwhile, Musk has stated he will reduce his involvement in external government projects to dedicate more time to Tesla, aiming to address investor concerns following a significant drop in sales and negative publicity. Despite the ongoing debate, industry analysts suggest that Musk is likely to remain as Tesla’s CEO for the foreseeable future. The situation underscores internal and external pressures as Tesla navigates leadership questions amid brand and sales challenges.