Tesla Inc. issued a statement on April 30 through social media platforms, clarifying media reports that “the company is looking for Musk’s successor.” Tesla Chairman Robin Danholm made it clear that reports that Tesla’s board of directors has begun contacting executive search firms to find a CEO are “completely untrue.”
In the statement, Tesla’s board of directors reaffirmed that Elon Musk remains the company’s CEO and expressed confidence in Musk’s continued promotion of the company’s development plans. This statement was a direct response to a media misreport earlier in the day.
Previously, it was reported that Tesla’s board of directors has begun seriously considering finding Musk’s successor due to the decline in Tesla’s stock price and the dissatisfaction of some investors with Musk’s focus on the White House, according to people familiar with the matter. The report also mentioned that board members have contacted a number of executive search firms in an attempt to find the next CEO for Tesla.
Tesla’s clarification statement shows that despite the company’s recent challenges such as stock price fluctuations, the board still supports Musk’s continued leadership of the company and has not begun looking for a successor as reported by media reports.
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