November 14 2025
A recent Wall Street Journal report caused a stir when it was suggested that Tesla was looking for a successor to CEO Elon Musk. However, both Tesla and Musk himself have been quick to strongly deny these rumors.
Tesla and Musk: Fighting Misinformation
According to Tesla CEO Robyn Denholm, the Wall Street Journal article is misleading. Denholm stressed that there was no CEO change and complained about the newspaper's journalistic integrity. Tesla announced on X (formerly Twitter) that the story was unfounded and that this had been communicated to journalists in advance.
Musk Responds Personally: Will Stay on as CEO
Elon Musk himself also got into the act by personally responding to X. He accused the Wall Street Journal of an ethical lapse and confirmed that he has no plans to step down. While he admitted that he will spend less time on Tesla in the future due to his role at the Department of Government Efficiency, he remains the active CEO.
Financial Concerns and Market Reactions
These rumors come amid financial uncertainties. Tesla reported a sharp 71% drop in profits and revenue that fell short of analysts’ expectations. Its automotive division in particular is suffering from lower sales, with a 20% annual decline. shares Tesla shares reacted negatively, dropping 3,38% following the announcement.
Impact on the Crypto Market
These tumultuous situations at Tesla could cause ripples in the broader financial markets, including the crypto market. Investors and market analysts will be closely watching how this situation plays out, as Tesla is one of the companies known for its past investments in BitcoinThe uncertainty surrounding Musk's leadership could impact investor confidence in the technology markets, many of whose companies are closely tied to the crypto sector.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
