Tesla's Board Denies CEO Succession Planning Amid Sales Struggles

Tesla's board has denied reports about seeking a successor for CEO Elon Musk, asserting confidence in his leadership amid declining sales and profits. An article claimed that the board had approached executive search firms, which Tesla Chair Robyn Denholm labeled as "absolutely false." Tensions are reportedly high due to Musk's government work and a significant drop in market value from $1.5 trillion to around $900 billion. Despite these challenges, Musk stated he would dedicate more time to Tesla starting in May, after acknowledging concerns regarding his divided attention.