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Elon Musk on WSJ Report: There was news in the media about Elon Musk that Tesla, the world’s largest electric carmaker, is now looking for a new CEO for this post. In the report in the Wall Street Journal, this claimed electric vehicle manufacturer has now started searching for a new CEO in place of Allen Musk. In this report, it has also been quoted by sources as saying that many executive search firms have been contacted by the company to replace the post of Alan Musk.
The news of Alan Musk being removed from the post of CEO of Tesla has come at a time when his increasing participation in the White House and the decline in Tesla’s stock price has come as a reason. Stress within Tesla is increasing due to falling sales and profits. These tension from Elon Musk, Washington, D.C. Most of my time is also due to spending my time.
Musk told the report lies
However, Allen Musk himself has responded to this media report of removing himself from Tesla. Musk wrote on social media X- This is “a severe violation of morality”. At the same time, he criticized the Wall Street Journal (WSJ) for “deliberately publishing false articles” and said that Tesla’s board had denied the claims made in the first article.
Tesla Chairman Robyn Denholm has strongly supported Allen Musk, calling the media report wrong. Significantly, during the US presidential election, Alan Musk conducted a strong campaign for Donald Trump. After this, he was given a special role in the White House.
Company’s continuously falling profits
DEMHOLM said- Earlier, in the media reports, it was falsely claimed that the Tesla Board has approached the recruitment firm to discover the new CEO of the company. This claim is completely wrong and this report has been told to the media before being published. He said that Tesla CEO Alan Musk and the Company Board are completely confident that Tesla will move forward on the growth plan.
Significantly, this media report has come at a time when there is heavy pressure on Tesla. The profit has decreased by 71 percent year after year amid opposition to the role of the head of DOGE (US Department of Government Efficiency) in Trump administration and earnings in the first quarter have decreased by 9 percent.
