Tesla decision reveals a major demand problem:
It looks like a rough road ahead for the former EV leader.
thestreet.com/technology/tesla-makes-decision-that-reveals-a-major-demand-problem
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Key FactsTesla Denies Report of Possible CEO Search
May 7, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: rollingstone.com
Summary created with AI assistance · Source: rollingstone.com
- The Wall Street Journal reported Wednesday that the board had taken preliminary steps toward a CEO search weeks earlier, including contacting recruitment firms.
- Board chair Robyn Denholm denied the outreach and said Tesla communicated this before publication; the Journal said it had received no statement.
- Tesla’s first-quarter earnings were $409 million, down from $1.4 billion a year earlier; revenue fell nine percent year over year.
- Musk also led DOGE; his temporary-employee status at the White House was due to expire in May.
“It is an EXTREMELY BAD BREACH OF ETHICS that the [Journal] would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors.”— Elon Musk wrote this on X early Thursday in response to The Wall Street Journal’s report about a possible search for a new Tesla CEO.
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