Since January, CEO and major owner Elon Musk has been moonlighting as the head of Doge, President Donald Trump's newly established unit for massive cuts in the US public sector.
Bad for both Musk's popularity and Tesla's business, it has turned out. During the first months of the year, the car manufacturer has seen revenues and stock prices plummet.
By the beginning of April, the tensions had become so great that the board of directors seriously began to look for a replacement for the visionary who has led Tesla for nearly 20 years, reports WSJ.
Elon Musk was urged to devote more time to Tesla - and make it public. Said and done.
From next month, I will devote significantly more of my time to Tesla, said Musk during a call with investors last week.
The information was denied on Thursday morning by Tesla's chairman of the board Robyn Denholm, who in a post on X writes: "This is completely wrong (and it was also conveyed to the media before they were published)".
He also writes that the board has confidence in Musk and his ability to "continue driving through the exciting growth plans that lie before us".
