Tesla CEO Search Update
Tesla Chair Robyn Denholm denied reports that the board has begun searching for a new CEO to replace Elon Musk, asserting that the board remains confident in his leadership amid declining sales linked to his political involvement. After facing backlash due to his role in the Trump administration’s cost-cutting task force, Musk announced plans to focus more on Tesla, which has seen a 24% stock surge since. Analysts suggest that Musk aims to mitigate brand damage and stabilize the company after recent turmoil.
