Tesla's chair Robyn Denholm has refuted claims from the Wall Street Journal regarding the company's search for a new CEO, emphasizing confidence in Musk's leadership. This comes in the wake of a 9% decline in sales during Q1 2025. The reports suggested board members contacted executive search firms for assistance in identifying potential successors, a claim Denholm labeled as false. Meanwhile, economic fallout from Trump's tariffs is affecting Japan's growth forecasts, prompting the Bank of Japan to revise its estimates for upcoming fiscal years.
Tesla's chair Robyn Denholm stated that reports about searching for a replacement for Elon Musk are erroneous, asserting confidence in his leadership despite recent profit declines.
The Wall Street Journal reported that Tesla's board members reached out to executive search firms, contradicting Denholm's claim that the board had not made such contacts.
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