Elon Musk: Tesla denied transfer report-Trump strengthens his back

Elon Musk: Tesla denied transfer report-Trump strengthens his back

E-car builder
Tesla contradicts report on Musk’s transfer – Trump strengthens his back








The US car maker Tesla reports that Elon Musk should be replaced as boss. As a precaution, Donald Trump offers him a safe place in the White House.

The US car maker Tesla has contradicted a newspaper report, according to which several top managers are said to have dealt with the search for successors for CEO Elon Musk.

The “Wall Street Journal” had reported that several members of the Board of Directors had addressed personnel consultants in order to replace major shareholders Musk as CEO. The report was “totally wrong,” wrote Tesla administrative council chief Robyn Denholm on Thursday on Musk short message service X.

Musk and the Board of Directors are convinced that he could continue to implement the growth plans, it said in the statement by Denholm.

E-car builder
Elon Musk is not the main reason for Tesla’s descent

Elon Musk about report: Deliberate false report

Musk himself, who, in addition to Tesla and X, also runs the space company SpaceX and the AI ​​company Xai and has been responsible for savings on the government apparatus since the start of the government of US President Donald Trump, spoke of an deliberate false report. The “Wall Street Journal” discredited journalism.

The newspaper initially did not change its presentation. The “Wall Street Journal” itself had limited that the current status of the considerations on the newspaper’s board of directors was not known.

The newspaper reported, citing the conversations that the high-ranking Tesla managers had contacted several personnel consultants a month ago. They also spoke to Musk and asked him to publicly commit himself to spend more time for Tesla. Tesla co-founder JB Straubel and other top representatives had met with investors and assured them that Tesla was in good hands.

“Tesla is Musk”

Musk has been at the head of Tesla for around two decades and is considered a driving force behind the company’s rise. “Tesla is Musk and Musk is Tesla,” wrote industry analyst Dan Ives from the financial company Wedbus.

The long -time world’s largest manufacturer of electric cars has gotten into turbulence: its aging product range, the strong competition from China and, last but not least, Musk’s controversy political activities have decreased and profit. Musk wants to focus more on AI products such as robotaxis and humanoid robots.

A month ago, Musk became increasingly criticized by investors because he spent a lot of time in Washington to reduce the costs of US President Donald Trump. Musks role as an unofficial head of Doge, who is driving a massive cost and personnel loss in the state apparatus, apparently harms the Tesla brand- in protest against Musk and the policy of Trump administration, there was boycott calls in Europe and the USA. Tesla sales rooms were attacked.

Last week, however, he announced that he was largely withdrawing from the role in the capital and again taking a lot more to take care of Tesla’s concerns.

Donald Trump offers protection

This could clear a tension with a view of the stock exchange. However, Musk’s appearance in Washington and his right political views also led to some potential buyers from Tesla. Analyst Ives estimates that the demand for Tesla vehicles could have decreased by 15 to 20 percent.

Even if Musk should take care of Tesla or he should be sawn off as head of the company: US President Donald Trump has guaranteed him as a advisor in the White House.

“The vast majority of people in this country respects and really appreciates you,” said Trump at a cabinet meeting on Wednesday (local time). “You know that you can stay as long as you want,” added the US President to Musk. The Tesla boss probably wanted to “go back home back to his cars”.

“You really sacrificed a lot. They treated you very unfairly,” said Trump. “You set fire to my cars, it wasn’t that great,” said Musk.

AFP · dpa · Reuters

RW

Source: Stern

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