Tesla, the electric vehicle manufacturer, has denied rumors suggesting that its board is seeking to replace Elon Musk as CEO.
Following a report from the Wall Street Journal, the company’s shares remained unchanged in premarket trading on Thursday.
The article suggested that the board had been in discussions with various executive search firms to begin a formal search for a new CEO. This news caused the company’s shares to drop by up to 3% in overnight trading.
But Tesla chair Robyn Denholm has taken to X to describe the report was “absolutely false”.
“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,” she wrote.
“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.”
