Tesla chair Robyn Denholm denied a report that the board was seeking to replace its chief executive Elon Musk in response to plunging sales and a widespread backlash against his alliance with US President Donald Trump.
“Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company,” Denholm said in a post on the electric-vehicle maker’s account on social media platform X early on Thursday morning.
“This is absolutely false?.?.?. The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.”
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