Tesla CEO Elon Musk released the Wall Street Journal (WSJ), calling for the latest publication report “a vicious violation of ethics,” after it claims that the Tesla board is actively seeking his replacement as CEO.
The Report.
Musk taken To X to conclude the article, stating that WSJ has deliberately published misinformation while intentionally excluding an “unfair denial” from the Tesla Board.
Tesla Board Chair Robyn Denholm also released a strong rebuttal on early Thursday morning, posting to Tesla’s official X account whose board did not contact recruiter.
“This is absolutely false,” he said. “The CEO of Tesla is Elon Musk and the Board is very confident in its ability to continue implementing the Kapana -excited growth plan in advance.”
Related: WSJ Debccle has aroused
Musk under a thorough investigation for paper in Doge
The WSJ report arrived amid a growing investigation into Musk’s political involvement, especially his counseling with US President Donald Trump’s Department of Government Efficiency (DOGE).
Critics Argue That his involvement in the Trump administration hurt Tesla’s brand, especially in international markets. Tesla’s first quarter income dropped by 71%, and its market value has refused more than $ 800 billion since the start of the year.
Automaker’s Q1 results released show revenues hit $ 19.34 billion, Wall Street is missing Estimates by 7.85% and marking a 9.2% fall from the same period last year.
However, the firm held in Bitcoin its In the first quarter of 2025. Tesla’s digital asset holdings dropped by 11.61% value from $ 1.076 billion to $ 951 million in Q1, in conjunction with a 11.56% bitcoin price at $ 82,514 at the same time.
Musk, which also operates Spacex, Neurink, and the recent combined X and Xai, has Sumang -ayon To move more of his time back to Tesla in response to the shareholder’s pressure. According to reports, he now advises the DOGE to remotely remotely and scale his physical presence in Washington.
Related: Elon Musk’s sale to X to Xai only made a ‘multi -spicer’ fraud lawsuit
Crypto executives walk in WSJ
Musk’s backlash against WSJ adds to a growing corric Digital Asset Industry.
On April 12, former Binance CEO Changpeng Zhao Deleted a WSJ report That said he agreed to provide evidence against the founder of Tron Justin Sun as part of a please deal with the U.S. Department of Justice (DOJ).
“WSJ is really trying to be here. They seem to have forgotten who went to prison and who didn’t,” Zhao wrote in an April 12 x post. “People who have been GOV’s witnesses have not been to prison. They have been protected. I heard someone who pays WSJ employees to ate me.”
In March 2023, Tether also Declined a WSJ report Its care uses fake documents and shell companies to maintain access to banking, calling for “stale,” “inaccurate,” and “misleading.
Magazine: Binance returned to WSJ, Hong Kong Crypto ETF took ‘$ 50B equivalent’: Asia Express
