Tensions rose between Tesla and The Wall Avenue Journal after the newspaper claimed Tesla’s board was on the lookout for a brand new CEO.
In a submit on X, Elon Musk referred to as the article “an EXTREMELY BAD BREACH OF ETHICS” and accused the paper of ignoring a direct denial from Tesla’s board.
Tesla’s board chair, Robyn Denholm, additionally mentioned in X’s submit, “This is absolutely false. The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead”.
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The Wall Avenue Journal’s report prompt that Tesla’s administrators have been involved about Musk’s consideration being divided between Tesla and his different corporations, together with SpaceX, Neuralink, and the merged X and xAI.
It additionally pointed to his political position advising President Donald Trump’s Division of Authorities Effectivity (DOGE) as one other supply of concern.
Some critics consider Musk’s involvement with the Trump administration has damage Tesla’s picture. Within the first quarter, Tesla’s income fell by 71%, and the corporate’s market worth has dropped by greater than $800 billion since January.
Tesla additionally reported a decline within the worth of its Bitcoin holdings. Although the corporate didn’t promote any Bitcoin
Musk plans to proceed advising DOGE however will principally accomplish that remotely, which can cut back his time in Washington to focus extra on Tesla’s operations.
In the meantime, OpenAI has not too long ago filed a countersuit in opposition to Musk. What does the lawsuit allege? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.
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