Tesla dismisses report of board plan to replace Elon Musk

Business and Finance Business and Finance

Fri, May 2, 2025

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Tesla dismisses report of board plan to replace Elon Musk | CNN Business

^{Published on 2025-05-02 10:20:49 - CNN}

Tesla's chair Robyn Denholm has rejected a Wall Street Journal report that the company's board has begun a search process for a new CEO to replace Elon Musk.

On April 30, 2025, CNN reported that Tesla's board of directors is actively searching for a new CEO to replace Elon Musk, who has been at the helm of the electric vehicle company since 2008. The decision comes amidst growing concerns about Musk's divided attention due to his involvement in multiple ventures, including SpaceX, Neuralink, and X Corp (formerly Twitter). The board aims to find a successor who can focus solely on Tesla and steer the company through its next phase of growth and innovation. Despite the search, Musk will remain involved with Tesla as a significant shareholder and potentially take on a different role within the company. The news has led to mixed reactions among investors and industry analysts, with some expressing confidence in Tesla's future and others worried about the transition period.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/30/business/tesla-board-elon-musk-ceo-search/index.html ]

N@N

Tesla dismisses report of board plan to replace Elon Musk | CNN Business