Electric vehicle maker Tesla on May 1 denied a report that its board had sought to replace Elon Musk as its chief executive amid a plunging stock and declining sales.
“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,” Tesla Chair Robyn Denholm said in a statement on social media platform X.
“This is absolutely false (and this was communicated to the media before the report was published). 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.”…