# Tesla’s chair Robyn Denholm has rejected a Wall Street Journal report that the company’s board has begun a search process for a new CEO to replace Elon Musk. Denholm said in a post on Tesla’s official X account that the claim was absolutely false, and the board is highly confident in Musk’s abilities. Tesla’s stock price had tumbled as much as 45-percent this year. Although Musk has publicly advocated for lower tariffs he appears to have made little headway with Trump, and Tesla’s China sales are under threat.
Tesla dismisses report of board plan to replace Elon Musk