Musk replaced? The Wall Street Journal reports "in the board resolution," Tesla's chairman denies: the report is false.

Musk clashed with The Wall Street Journal on 5/1 (WSJ), while also blasting the paper for "seriously violating journalistic ethics." This was in response to the claim that TSL (Tesla)'s board was looking for a successor. In addition to Musk's rebuttal, Tesla's chairman Robyn Denholm ( also spoke out, and they were united in their criticism. This is not the first time WSJ has been involved in similar controversies; high-level executives from well-known exchange Binance and stablecoin issuer Tether have previously accused the paper of intentional defamation.

TSL is rumored to have replaced its CEO? Musk angrily criticizes WSJ for fabricating news

The Wall Street Journal pointed out on 4/30 that the TSL board is concerned about Musk:

Political stance is too extreme.

Overwhelmed and unable to take care of TSL.

The board has contacted a headhunting company to search for a new CEO candidate.

The image is from a WSJ report on TSL replacing Musk.

The news immediately sparked heated discussions in the outside world. In response, Musk also refuted the rumors on Twitter on 5/1 at )X(, blasting that WSJ has seriously violated journalistic ethics, and stated that WSJ deliberately ignored the Tesla board's "clear denial" of this matter.

Musk also came forward immediately to refute the claim that the chairman is going on the front line! He stated that there is no such news, and Musk continues to serve as CEO.

TSL Chairman Robyn Denholm also directly denied the report early on May 1 on Tesla's official Twitter X), emphasizing: "The WSJ report is completely false. The CEO of Tesla is Musk, and the board has great confidence in him."

The image shows Tesla Chairman Dan Holm refuting rumors on the official Twitter (X) regarding the controversial relationship between Musk and Trump, as Tesla's financial report also looks bleak.

In fact, this report not only discusses Tesla internally but also involves the interaction between Musk and Trump. The WSJ states that Musk recently served as an advisor to the "Government Efficiency Department" initiated by President Trump, raising external concerns that his political stance could harm Tesla's brand image.

At the same time, TSL announced that the financial report for Q1 2025 (Q1) was also below expectations:

Profit plummeted 71%

Revenue was $19.34 billion, approximately 7.85% below market expectations.

Annual decrease of 9.2%

The market value has evaporated by over 800 billion dollars since the beginning of 2025.

(TSL's financial report is terrible, Musk promises to leave DOGE and return in May )

Shareholder pressure is high! It is reported that Musk has reduced his time running to the White House.

Facing weak financial reports and market pressure, Musk has agreed to pull back more time to TSL.

According to reports, he is currently only serving as a remote advisor for DOGE and has reduced his time traveling to the White House for meetings.

The crypto community has also criticized the WSJ! Binance's CZ and Tether have also fired back.

In fact, it is not just Musk; the Wall Street Journal has also been named multiple times by people in the coin circle for spreading rumors.

Binance's CZ refuted WSJ on Twitter (X) on April 12, as WSJ accused CZ of testifying against Tron founder Justin Sun in exchange for a lighter sentence. CZ responded, "They got the point wrong, who is really in prison? Who is really being protected?"

In March 2023, Tether also angrily criticized the WSJ's report claiming that it opened accounts with fake documents as outdated, incorrect, and misleading, emphasizing that the report distorted the facts.

CZ also came out to refute WSJ's false reports, and the technology industry and the crypto circle are experiencing a growing generational gap with mainstream media.

Currently, The Wall Street Journal has not made any corrections regarding Tesla and Musk's response. The confrontation between Musk and mainstream media has once again brought the technology industry and the circle of corruption to focus on sensitive issues such as "media ethics," "industry bias," and "political intervention."

Is Elon Musk being replaced? The Wall Street Journal reveals "in the board resolution," Tesla's chairman refutes: the report is fake, first appeared in Chain News ABMedia.