Tesla, Elon Musk deny report firm is looking for new CEO: ‘Deliberately false article’

Tesla and Elon Musk are pushing back against a report claiming the company’s board launched a search for a successor to the mercurial CEO last month as he spent time away from the company leading President Trump’s Department of Government Efficiency.

The Wall Street Journal reported late Wednesday that the board had reached out to executive search firms to initiate a formal process to identify potential replacements for Musk as the electric car maker grapples with slowing sales, shrinking profits and a bruising year on the stock market.