Musk is spearheading the DOGE agency.
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00:00According to a new report by The Wall Street Journal, Tesla got serious about finding a
00:03new CEO to replace Elon Musk. The report says that in early April, Tesla's board began
00:08reaching out to executive search firms to help begin the hunt for a new chief executive.
00:12However, Tesla has pushed back on the journal's report, with company chair Robin Denham posting
00:16on X this is absolutely false and this was communicated to the media before the report
00:20was published. The CEO of Tesla is Elon Musk and the board is highly confident in his ability to
00:25continue executing on the exciting growth plan ahead. Tesla had a rough first quarter with
00:30Musk focusing more energy on Doge. Both its top and bottom lines missed estimates and revenue fell
00:35by 9% year-over-year. As of its Q1 close, shares of Tesla were down 41% since the start of 2025.
00:43However, Elon Musk has said that he intends to scale back the amount of time he spends with Doge to
00:47focus on his businesses. That'll do it for your daily briefing. From New York City, I'm Kelsey Barbario
00:51with the stream.