Tesla Board refutes WSJ report of CEO replacement search to replace Musk

[ModelAZ]

From the Tesla Board:

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 Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead. – Robyn Denholm (Chairman board of directors, Tesla)





From Elon Musk:

It is an EXTREMELY BAD BREACH OF ETHICS that the WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors!






Articles reporting on this:

https://www.msn.com/en-us/money/com...ocess-to-replace-elon-musk-as-ceo/ar-AA1DXlJb

https://www.theverge.com/news/659396/tesla-new-ceo-elon-musk-replacement-wsj-report-denial

https://www.marketwatch.com/story/t...-ceo-search-for-elon-musks-successor-5e91988c

https://www.cnbc.com/2025/05/01/tes...board-seeks-new-ceo-to-replace-elon-musk.html

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[Ljhughes8]

You first need to pay the man . But the judge won't let him get paid after he upheld he part of the contract

 

[VAF84]

Pretty big screw up for a typically reputable WSJ. Although I've recently noticed some subtle changes to the reporting style and more sensationalist articles peppered in. I wonder if there have been some major changes behind the scenes.

 

[Hohenzollern]

Less a screw up and more of old, legacy media just flat "making shit up". Like they were crowing that Musk was leaving DOGE. It was always planned he'd dial back his involvement after three months and going forward only plans to advise with that mess one or two days a week.

 

[SCTesla]

Less a screw up and more of old, legacy media just flat "making shit up". Like they were crowing g Musk was leaving DOGE. It was always planned he'd dial back his involvement after three months and going forward only plans to advise with that mess one or two days a week.

Multiple people have reported that the board had an "emergency" meeting with Elon that he needed to spend more time at Tesla. It's not just WSJ. That apparently happened a month or so ago. So there's some truth in the story.

 

[ÆCIII]

Totally unsurprising with many outlets of today's MSM, as their core objective today is not to report accurate accounts or truth anymore, but instead to knowingly lie and then try to stay 'ahead' of those same lies in attempts to agitate society, manipulate perceptions, or move a needle.

The outlets having editors or writers who would blatantly lie in everyone's face like this is bad enough, but possibly even worse is how a large amount of people are seemingly becoming numb to it. Everyone needs to wake up - or be controlled.

- ÆCIII

 

[SONNYDUT]

Looks like short seller paid for these type of article, such unethical reporter, WSJ. There should be a law to prevent or fine these media outlet from reporting false claims.

 

[REM]

It used to be illegal for the press/media to lie to the public.

Until the National Defense Authorization Act (NDAA). So now we have entire multi-billion dollar organizations getting away with blatant lies, falsehoods, and propaganda.

What could possibly go wrong?

?‍

 

[HaulingAss]

Pretty big screw up for a typically reputable WSJ. Although I've recently noticed some subtle changes to the reporting style and more sensationalist articles peppered in. I wonder if there have been some major changes behind the scenes.

The WSJ has a long string of deliberate lies. It's purposeful and despicable. That's why Elon bought Twitter, to give the people an alternative path to check the truth of mainstream media.

 

[BannedByTMC]

If we had a truly independent and responsible board they would have replaced Elon by now. I can't think of any other CEO who created such brand damage and remained in charge.

 

[jimbobb23]

AS if you replace the CEO of Tesla by using a board recruiting agency. What an absolutely ridiculous premise.

Elon has been a good CEO but if he doesnt focus more on Tesla and less on X and politics I would consider voting for a new CEO. It's a full time job - a huge company at a critical time facing many headiwinds. It needs a fully committed CEO.

 

[CybertruckCovers]

From the Tesla Board:

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 Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead. – Robyn Denholm (Chairman board of directors, Tesla)





From Elon Musk:

It is an EXTREMELY BAD BREACH OF ETHICS that the WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors!






Articles reporting on this:

https://www.msn.com/en-us/money/com...ocess-to-replace-elon-musk-as-ceo/ar-AA1DXlJb

https://www.theverge.com/news/659396/tesla-new-ceo-elon-musk-replacement-wsj-report-denial

https://www.marketwatch.com/story/t...-ceo-search-for-elon-musks-successor-5e91988c

https://www.cnbc.com/2025/05/01/tes...board-seeks-new-ceo-to-replace-elon-musk.html

The silliest part of this original article is that the board would actually consider recruiting outside of Tesla as a replacement CEO. Certainly, there should be enough talent already employed within Tesla to sort through as a suitable candidate.

 

[HaulingAss]

If we had a truly independent and responsible board they would have replaced Elon by now. I can't think of any other CEO who created such brand damage and remained in charge.

Don't be silly. Elon is the best CEO of any auto company. The job requires critical thought, superior vision into the future, and an ability to focus on things that actually matter. Elon is exceptional at all of these things (which is why Tesla is beating every other autonomy company as they prepare to roll-out in a market with potential profit that dwarfs auto-making). And why their energy business has superior margins and is growing like wildfire. And it's also how Elon is able to roll auto profits into humanoid robot development, a business that will likely have unbelievable profits. It's not how many hours you spend running the company, it's how well you position it to succeed in spectacular fashion.

Look at RJ Scaringe, he is the CEO of only one company, Rivian, he has no other jobs. Yet he is incapable of positioning his only company in a manner that could be make a signle penny of profit, for as far as they eye can see. The share price since the IPO has cratered and shows no sign of ever recovering. he has created massive negative value for shareholders and has no cash to expand into other more profitable ventures.

Elon, on the other hand, has made shareholders wealthy, many times over. Tesla IPO'ed at $1.13/share (split adjusted). It is now worth over 247 times as much and poised to quadruple in the next 4 years. Rivian IPO'ed at $78/share and is now worth a paltry $13.76/share (and is poised to continue it's long, slow and painful decline. Their only realistic hope is to be bought out, probably around $5-$8/share. That is a massive failure.

A $10,000 investment at the TSLA IPO would now be worth $2,470,000 while the same $10,000 invested at the Rivian IPO would only be worth $1,766. Which would you rather have, $2.5 million or less than $2,000? One CEO created massive value (that's about to get a lot better) and one CEO destroyed massive amounts of other people's capital.

Rivian is the company that needs a better CEO, not Tesla. Very few people, probably no one, could do what Elon has done. I've been an investor for over 35 years and a CEO with Elon's talent, vision and drive is very rare indeed. Only people who want Tesla to fail want to replace Elon. This should be abundantly obvious.

 

[BannedByTMC]

Only people who want Tesla to fail want to replace Elon. This should be abundantly obvious

Your statement is obviously false, easily proven so, and merely reflects your always uncritical bias. After selling over half my shares I probably still have more shares than you, and most people on this forum. I want it to succeed, and I don't want a CEO who polarizes the customer base and creates negative connotations for the products. Elon served his purpose in the early stages of the company but he is clearly unfit to run it at this point. He provides zero benefit and a large amount of negativity. Tesla has fallen behind in EV range, motor power density, charging speed, vehicle design, and general innovation since he became interested in Twitter and other "activities". Every current and soon to be revealed Tesla product was already in development years ago. Elon has added nothing in recent years besides chaos, (and of course repeatedly inaccurate predictions about autonomy). Jobs served his purpose at Apple but under Cook it grew far larger. We need a Tim Cook now.

 

[BengalBoy]

Your statement is obviously false, easily proven so, and merely reflects your always uncritical bias. After selling over half my shares I probably still have more shares than you, and most people on this forum. I want it to succeed, and I don't want a CEO who polarizes the customer base and creates negative connotations for the products. Elon served his purpose in the early stages of the company but he is clearly unfit to run it at this point. He provides zero benefit and a large amount of negativity. Tesla has fallen behind in EV range, motor power density, charging speed, vehicle design, and general innovation since he became interested in Twitter and other "activities". Every current and soon to be revealed Tesla product was already in development years ago. Elon has added nothing in recent years besides chaos, (and of course repeatedly inaccurate predictions about autonomy). Jobs served his purpose at Apple but under Cook it grew far larger. We need a Tim Cook now.

"Since Elon Musk became CEO in 2011, Tesla stock has seen a remarkable increase. At the time of Tesla's IPO in 2010, the stock was priced at $17 per share. However, after accounting for subsequent stock splits, the equivalent price of that IPO share is $1.13. An initial investment of $10,000 in the IPO would have allowed you to buy 588 shares at $17. Following the stock splits, that initial stake would have increased to 8,820 shares. Today, with the current trading price, that investment would be worth over $2.4 million."

"Apple stock has outperformed the S&P 500 by a wide margin since Tim Cook took over in Aug. 2011 -- up 1,270% (or 1,530% on a total return basis). That means an investor who bought $10,000 of Apple stock at the start of Cook's tenure would have $163,000 today after enjoying a compound annual return of 25%."

Hmmm?? Your not a very good investor or judge of CEO talent.

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