Tesla denied a Wall Street Journal report that its board was seeking a successor to Elon Musk, according to CNBC. The report cited unnamed sources and claimed that board members had contacted executive recruiters to begin a CEO search. Chair Robyn Denholm responded on X, calling the story “absolutely false,” reaffirming the board’s confidence in Musk. Tesla’s sales and profits missed first-quarter estimates, and Musk acknowledged that his ties to the Trump administration may negatively affect the company’s stock price. Musk said he will spend only a day or two per week running the Department of Government Efficiency starting in May.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla denied a Wall Street Journal report that its board was seeking a successor to Elon Musk,
00:07according to CNBC. The report cited unnamed sources that claimed that board members
00:11had contacted executive recruiters to begin a CEO search. Chair Robin Denholm responded on X,
00:16calling the story absolutely false, reaffirmed the board's confidence in Musk. Tesla's sales
00:21and profits missed first quarter estimates, and Musk acknowledged that his ties to the
00:25Trump administration may be negatively affecting the company's stock price. Musk said he will
00:30spend only a day or two per week running the Department of Government Efficiency starting
00:34in May. For all things money, visit Benzinga.com slash GSTV.