Tesla Refutes Claims of Seeking Musk’s Replacement

Tesla has officially denied recent media reports suggesting that the company has approached executive search firms to find a potential replacement for CEO Elon Musk. The speculation arose following a report indicating that some Tesla board members had quietly explored leadership alternatives in response to Musk’s growing focus on other ventures, such as X (formerly Twitter) and SpaceX.

In a statement issued on Tuesday, a Tesla spokesperson dismissed the rumours as “completely false” and reaffirmed the board's support for Musk’s leadership. “The Tesla board has not engaged with any headhunters nor considered any replacements for Mr. Musk,” the company stated.

The rumours had stirred concerns among investors, particularly given Musk’s multiple high-profile roles and his recent controversial decisions at X, which have drawn public and regulatory scrutiny. Despite these concerns, Tesla's leadership appears committed to Musk's continued role in driving the company’s mission of sustainable energy and autonomous vehicles.

Elon Musk also addressed the speculation on social media, calling the report “fake news” and reaffirming his dedication to Tesla. He highlighted recent achievements such as advancements in the Full Self-Driving (FSD) system and upcoming product releases as proof of his ongoing engagement with the company.

Industry analysts remain divided on the issue. While some believe Tesla should prepare for eventual succession planning, others argue that Musk remains an irreplaceable visionary at the heart of the brand.

Despite the turbulence, Tesla’s stock held steady in Tuesday’s trading session, suggesting investors are taking a wait-and-see approach. As of now, there is no concrete indication of any leadership change on the horizon.

With the company continuing to push forward in AI, robotics, and electric vehicle innovation, Tesla insists that Elon Musk remains firmly at the wheel.