Elon Musk rages at report of Tesla board hunting for a new CEO

In brief: Tesla has vehemently denied a report by the Wall Street Journal that alleges the EV giant's board contacted recruitment firms to search for a replacement for Elon Musk as CEO. Musk called the article "deliberately false" and an "extremely bad breach of ethics." According to the WSJ report, which cites comments from sources familiar with the discussions, Tesla's board reached out to several executive search firms to work on a formal process for finding Tesla's next CEO. The publication added that the board had narrowed its focus to a major search firm. It's also claimed that the board members told Musk he needed to spend more time on Tesla and to say so publicly. The WSJ adds that Musk did not push back against the suggestion. Tesla has eight people on its board, including Musk himself, his brother, Kimbal Musk, and James Murdoch, son of media mogul Rupert Murdoch. Robyn Denholm, chair of Tesla, refuted the report earlier today. She called the article "absolutely false" on ... Read full article.