Tesla's board reportedly began searching for a successor to Elon Musk after the company faced significant financial setbacks. About a month ago, the board reached out to executive search firms to formalize a process for selecting a new CEO, reported the Wall Street Journal on Wednesday, citing people familiar with the discussion. Following the publication of the report, Tesla's official X handle took to social media and said that the assertion that the board reached out to recruitment firms is "false."
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