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Tesla CEO Elon Musk has lashed retired astatine The Wall Street Journal (WSJ), calling the publication’s latest study “an EXTREMELY BAD BREACH OF ETHICS,” aft it claimed the Tesla committee was actively seeking his replacement arsenic CEO.
The report, published connected April 30, alleged that the committee had approached recruitment firms owed to concerns implicit Musk’s governmental enactment and divided absorption crossed aggregate ventures.
Musk took to X to denounce the article, stating that the WSJ deliberately published mendacious accusation portion knowingly excluding an “unequivocal denial” from Tesla’s board.
Tesla committee seat Robyn Denholm besides issued a beardown rebuttal aboriginal Thursday morning, posting connected Tesla’s authoritative X relationship that the committee had not contacted recruiters.
“This is perfectly false,” she said. “The CEO of Tesla is Elon Musk and the Board is highly assured successful his quality to proceed executing connected the breathtaking maturation program ahead.”
Musk and Tesla committee dismissing WSJ report. Source: Elon MuskRelated: WSJ debacle fueled US lawmakers’ ill-informed crusade against crypto
Musk nether scrutiny for relation successful DOGE
The WSJ’s study comes amid increasing scrutiny of Musk’s governmental involvement, peculiarly his advisory relation successful US President Donald Trump’s Department of Government Efficiency (DOGE).
Critics argue that his engagement with the Trump medication has wounded Tesla’s brand, particularly successful planetary markets. Tesla’s first-quarter nett plunged 71%, and its marketplace worth has declined by implicit $800 cardinal since the commencement of the year.
The automaker’s Q1 results released amusement revenues deed $19.34 billion, missing Wall Street estimates by 7.85% and marking a 9.2% autumn from the aforesaid play past year.
However, the steadfast held onto its Bitcoin during the archetypal 4th of 2025. Tesla’s integer plus holdings dropped 11.61% successful worth from $1.076 cardinal to $951 cardinal successful Q1, alongside Bitcoin’s 11.56% terms autumn to $82,514 implicit the aforesaid time.
Musk, who besides runs SpaceX, Neuralink, and the precocious merged X and xAI, has agreed to displacement much of his clip backmost to Tesla successful effect to shareholder pressure. According to reports, helium is present advising DOGE remotely and has scaled backmost his carnal beingness successful Washington.
Related: Elon Musk’s merchantability of X to xAI conscionable made fraud suit ’a batch spicer’
Crypto executives lash retired astatine WSJ
Musk’s backlash against the WSJ adds to a increasing chorus of disapproval from crypto executives who person precocious accused the outlet of misleading sum and bias against the digital plus industry.
On April 12, Binance’s erstwhile CEO Changpeng Zhao dismissed a WSJ report that claimed helium has agreed to supply grounds against Tron laminitis Justin Sun arsenic portion of a plea woody with the United States Department of Justice (DOJ).
“WSJ is truly TRYING here. They look to person forgotten who went to situation and who didn’t,” Zhao wrote successful an April 12 X post. “People who go gov witnesses don’t spell to prison. They are protected. I heard idiosyncratic paid WSJ employees to smear me.”
Soruce: CZIn March 2023, Tether besides rejected a WSJ report alleging it utilized fake documents and ammunition companies to support banking access, calling the claims “stale,” “inaccurate,” and “misleading.”
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