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Tesla CEO Elon Musk shuts down rumors he’s being replaced
CDG News Alert (< 1 min. read)
Anna del Villar
May 01, 2025
Driving the news: Early this morning, Tesla $TSLA ( ▲ 2.76% ) board chair Robyn Denholm released a statement unequivocally denying a Wall Street Journal report that Tesla is pursuing recruitment firms to find a new CEO.
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.
This is absolutely false (and this was communicated to the media before the report was published).
The CEO of Tesla is
— Tesla (@Tesla)
5:23 AM • May 1, 2025
Elon Musk also called out the WSJ, saying their reporting on this matter was “an extremely bad breach of ethics” which produced a “deliberately false article.”
For context: Musk has taken on a growing list of roles—merging xAI with X and SpaceX, managing multiple ventures, and playing a pivotal role in launching the Trump Administration’s Department of Government Efficiency (DOGE).
However, the White House recently confirmed to the New York Post that Musk is stepping away from DOGE, which would allow him to make good on his promise of "allocating far more of my time to Tesla."
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