- Elon Musk denies WSJ report claiming Tesla is seeking a new CEO
- Tesla board chair Robyn Denholm calls the report “absolutely false”
- Political distractions and performance concerns fuel investor anxiety
Elon Musk has aggressively refuted a Wall Street Journal report alleging that Tesla’s board is exploring a CEO succession plan. Musk called the article a “deliberately false” and unethical fabrication. He claimed the WSJ ignored a direct denial from Tesla’s board before publishing.
Despite these denials, the report adds fuel to ongoing concerns about Musk’s focus on Tesla amid his increasing political entanglements. Particularly concerning is his role in the U.S. government’s Department of Government Efficiency.
Tesla in Turmoil? Leadership Rumors, Political Backlash Stir Boardroom Drama
The WSJ article has reignited scrutiny over Tesla’s governance. It cites unnamed sources who allege that internal discussions have taken place regarding Elon Musk’s succession. The board is claimed to be responding to investor worries over Tesla’s declining financials and Musk’s divided attention. While Musk remains on the board, it’s unclear whether he was aware of or involved in any such discussions.
Musk’s deepening political involvement—especially his leadership of a federal program under Donald Trump’s administration—has raised eyebrows. His alignment with far-right policies and controversial public statements have triggered protests across Tesla outlets in the U.S. and Europe. This has intensified reputational risk for the brand.
Tesla’s board composition also remains a flashpoint. With members like Musk’s brother Kimbal and James Murdoch, critics argue the board lacks independence. Chair Robyn Denholm, long viewed as loyal to Musk, has faced backlash over her compensation. She is perceived as unwilling to challenge his dominance.
Amid these controversies, Tesla is transforming its vision. The company is moving from mass-market EVs to advanced robotics and autonomous vehicles. This pivot has prompted both optimism and concern among stakeholders. Questions grow around whether Musk’s leadership style suits the next phase of Tesla’s evolution.
As speculation swirls and leadership questions intensify, Tesla stands at a crossroads—balancing innovation with governance. The company is navigating public trust in an era of polarizing leadership.
“WSJ is a discredit to journalism.” – Elon Musk, in response to the report on his possible CEO exit.
