Voices of insurrection in Tesla. The board of the electric vehicles multinational would be at Search for a substitute by Elon Musk in the role of CEO. This is what would emerge from rumors reported by the Wall Street Journal, promptly denied by the company, but that the US financial newspaper would have confirmed, at least reporting the will of some members of the Board of Directors.
Certainly there is that the major shareholders of the car manufacturer are irritated for the collapse of sales and profits and that, to reassure investors, the multimiliarary was forced to promise to leave the role of head of the department for governmental efficiency (doge) held in the Trump administration, returning to dedicate “almost full -time” to Tesla.
The discontent of the Tesla Board of Directors
At the center of the Malmora of the Board of Tesla there would be, in fact, the substantial removal of Elon Musk from the business of the car manufacturer he created, because more and more distracted by politics.
According to the WSJ, the board of directors would have expressed its disappointment for the time subtracted in the management of the company due to too many commitments, including Spacex and social X, expressly asking the CEO to return to interest it with greater attention to its company.
The numbers
In support of this discontent, the manufacturer’s numbers are under everyone’s eyes: in the first three months of 2025, Tesla recorded a 9% drop on an annual basis on sales, at an altitude of 19.33 billion dollars, while net profit is decreased by 71%going down to 409 million. The collapse inevitably had an impact on the stock exchange, where Tesla’s shares lost about 34% of their value from the beginning.
According to the US newspaper, the internal tensions of the board would have resulted around the end of March in an alleged assignment entrusted to the selection companies of high -level managerial figures, to evaluate a rotation At the top.
Denial
The voice of the change of driving was however dryly denied by the president of the giant, Robyn Denholm, who explained how the media have “on the account of the company”erroneously affirmed that Tesla’s Board of Directors would have contacted the recruitment companies to start a research by a CEO at the Company “.
“This is absolutely false…. – he wrote – The CEO of Tesla is Elon Musk and the board of directors has great confidence in his ability to continue to carry on the exciting growth plan that awaits us “.
The same Multimiliario rejected the hypothesis on his profile X, attacking the WSJ for having published, according to him, false news despite a denial that would have been previously given.
“A serious violation of ethics” Elon Musk called it.
In the long and in -depth article, the WSJ has specified how it is not clear if the search for a new CEO was shared or was the initiative of some members of the board, which beyond Musk also counts his own brother Kimbal and James Murdochson of the magnate of Rupert communications.
