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(NewsNation) — Tesla has refuted claims that it considered replacing the billionaire astatine its helm, Elon Musk, calling the study "absolutely false."
"The CEO of Tesla is Elon Musk and the Board is highly assured successful his quality to proceed executing connected the breathtaking maturation program ahead," Tesla seat Robyn Denholm said in a statement posted connected societal media level X, which is owned by Musk.
The company's connection follows a Wall Street Journal report claiming that, successful March, Tesla committee members reached retired to enforcement hunt firms to find a replacement for Musk.
Citing mounting tensions, mediocre institution show and Musk's focus connected the White House, committee members reportedly told him to displacement absorption backmost to Tesla — to nary pushback, the Journal reported.
Tesla said it "communicated to the media" that the reports were unsubstantiated anterior to publication.
President Donald Trump and Tesla CEO Elon Musk talk to reporters arsenic they beryllium successful a Tesla conveyance connected the South Lawn of the White House connected March 11 successful Washington. (Pool via AP)In precocious April, Musk announced helium would beryllium devoting much clip to his company and stepping distant from the Department of Government Efficiency.
Musk’s determination followed reports that Tesla’s quarterly profits dropped by much than 70% twelvemonth implicit year. The company’s quarterly profits were astatine their lowest constituent since 2021, and gross dropped 9%.
On Wednesday, Musk reflected connected the $160 billion helium estimates DOGE has chopped from national spending — a acold outcry from the task force's $1 trillion goal.
“In the expansive strategy of things, I deliberation we’ve been effective. Not arsenic effectual arsenic I’d like. I deliberation we could beryllium much effective,” Musk said. “But we’ve made progress.”
He was vague erstwhile asked astir the aboriginal of his relation successful the White House.
When asked if helium would clasp the rubric of elder advisor to the president, helium responded, "I guess."
When questioned astir who volition pb DOGE upon his exit, Musk said only: “DOGE is simply a mode of life. Like Buddhism.”
