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Tesla Denies Succession Search Amid Musk Scrutiny

Coin WorldThursday, May 1, 2025 1:28 pm ET

1min read

Tesla Chair Robyn Denholm took to X on Thursday to deny a report alleging that the company had begun “looking for Musk’s successor” last month amid scrutiny over his new role in the U.S. administration. Denholm stated that the report was false and that the tesla Board had not contacted recruitment firms to initiate a CEO search. She emphasized that Elon Musk remains the CEO of Tesla and that the Board is highly confident in his ability to continue executing the company's growth plan.

Musk also took to X to deny the report, calling it an “extremely bad breach of ethics” and a “deliberately false article.” He expressed his frustration with the media outlet, stating that it was a discredit to journalism. The report comes amid increasing scrutiny over Musk's role in the U.S. administration, with several politically motivated attacks against Tesla vehicles, dealerships, and charging stations taking place across the U.S. in recent months.

Musk has faced backlash for serving as the head of the Department of Government Efficiency, with critics questioning his ability to lead both Tesla and his new role in the administration. Despite the challenges, Musk remains focused on Tesla's growth and innovation, with the company continuing to push the boundaries of electric vehicle technology. The denial of the report by both Denholm and Musk underscores the company's commitment to transparency and its confidence in Musk's leadership.

In summary, Tesla Chair Robyn Denholm and CEO Elon Musk have both refuted a report alleging that the company was looking for Musk's successor. Denholm stated that the report was false and that Musk remains the CEO of Tesla. Musk also denied the report, calling it a breach of ethics and a deliberately false article. The denial comes amid increasing scrutiny over Musk's role in the U.S. administration, with critics questioning his ability to lead both Tesla and his new role. Despite the challenges, Musk remains focused on Tesla's growth and innovation, with the company continuing to push the boundaries of electric vehicle technology.

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