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American EV automaker Tesla has denied reports that it has contacted recruitment firms to launch a search for a replacement for Elon Musk as chief executive.
The Wall Street Journal reported on Wednesday that the electric car firm’s board began looking for a successor to Mr Musk last month.
It said this was because of frustration around Mr Musk’s focus on his job in US President Donald Trump’s administration and Tesla’s sinking share price.
However, in statement on Thursday, Tesla said the report was “absolutely false”.
Writing on X on Thursday, Mr Musk was heavily critical of the Wall Street Journal’s reporting.
He said the paper was “a discredit to journalism”.
Musk’s work at Donald Trump’s Department of Government Efficiency, and time away from Tesla has been a concern for investors, as sales of its aging EV lineup have been on the decline.
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