Tesla Denies Report It’s Looking to Replace Elon Musk
Elon Musk wears a "Gulf of America" hat during a cabinet meeting at the White House on April 30.
Photographer: Ken Cedeno/UPI
Good morning. Tesla says it really wants Elon Musk to stay—definitely. Why you should look to the seas for a glimpse of the economy’s future. And even more soccer stuff is coming to Miami. Listen to the day’s top stories.
Tesla Chair Robyn Denholm dismissed a report that the board was looking to replace CEO Elon Musk as “absolutely false,” adding that directors are “highly confident” in his ability. The rebuke came after the Wall Street Journal said board members contacted executive search companies about a month ago to hunt for a successor. Reminder: Tesla stock has fallen 30% this year.