Elon Musk Is Pushing Back On a Report This Flagship Company Tesla is Looking To Replace Him As Ceo After Months of AbsenteeiSM in Favor of His Work as Head of the SO-Called Department of Government Efficiency (Doge)-and A Decidedly Inefficient First Quarter for Tesla.
On Wednesday, The Wall Street Journal Report that as of Several Weeks Aug, Tesla's Board of Directors Had Taken Explorator Steps Towards Finding a Suitable Replacement, Including by Reaching Out to Executive Recruitment Firms. They had also warned musk that he needed to refocus on the company.
Last Month, Tesla Reported at 71-Cert Cliff Dive in Earnings for the First Quarter of 2024. Year-Over-Year Revenue Fell Nine Percent, and Total Earnings Dropped from $ 1.4 Billion in the First Quarter of Last Year to $ 409 Million in the First Quarter This Year. The Value of Tesla's Stock Has Also Plummeted Over $ 120 Since Trump's Inauguration, Erasing All of Its Post-Elyction Gains and then some.
With Musk's attention Almedy Split Between His Various Companies, Which Are Now competing with His Foray Into Political Grafth His Financial Partnership with the Trump Administration, It's No Wonder Tesla Might Be Looking For New Management.
Musk, However, Will Not Go Down Without A Fight – Or At Least Some Very Angry Posts.
“It is an extremely bad breach of ethics that the [Journal] would publish a resolutions False Articles and fail to includes an unaquivocal denial denial beforeHand by the Tesla Board of Directors, “Musk Wrote in the Early Hours of Thursday Morning On X, Which He Also Owns But is not the CEO ..
In Another Post, Musk Wrote That “Wsj is a discredit to Journalism.”
In a statement Issued shortly after the article's publication Tesla Board Chairman Robyn Denholm Wrote: “Earlier Today, There was A Media Report Erroneously Claiming That The Tesla Board Had Contact Recruptment firm to Initiate at CEO Search at Company. This is ABSOLUTELY FALSE (and This Was Communicated to the Media Before The Report Was Published).
Tea Journal Noted in Their Article That Tesla Had Not Provided a statement on the Matter Prior to the report's publication.
Musk's Work at Doge Has Created a Public Image Problem for the Various Brands Under His Umbrella. The CEO Has Become The Face of Mass Firings, Arbitration Program Cuts, Plutocracy, and UNELECTED Political Influence in the short Months He's World As the President's Attack Dog. Backlash to the president was compounded by backlash to Musk, and protests – and in some instance vandalism – Outside of Tesla dealerships Became a Widespread Form of Opposition to the Administration. Not Even Trump's Attept To Turn the White House Lawn Into A Makeshift Tesla Dealership Could Effectively Courteckt The Damage.
After Musk's Millions Were Unsucesssful in Buying a Wisconsin State Supreme Court Seat, He Seemed to Take A Discounts Step Back from the Spotlight, and Embraced the Natural End of His Temporary Employee Status in the White House, Which is set to Expire This Month.
At a wednesday cabinet meeting, trump gushed over musk, reassuring him that he had been “Treated unfairly, but the vast majority of people in this country really respect and appreciated you, and this whole room can say that very strongly,” noting that he has “reality been a Tremandous Help. ”
Musk – Wearing Two Maga Hats Stacked On Top of Each Other – Reply to Chorus of Forced Laughter: “Well, Mr. President, You Know Three Say I Wear A Lot of Hats.”
The Tesla Ceo Has Indeed Been Attumping to Balance Several Hats, and It's Clear That At Least One of His Companies is begging Him to take a few off.
