Wall Street Journal reported on Wednesday (Reuters) – About a month ago, Tesla board members contacted several executive search companies to find a successor for CEO Elon Musk.
WSJ said the board promoted the status quo, according to the report, Musk's extensive participation with the Trump administration has inspired the report.
Musk said last week that he would significantly cut his time in the Trump administration and spend more time running many of his companies.
This is due to widespread investor criticism from his work at the Department of Government Efficiency (DOGE), where he led efforts to lay off federal jobs, while sales of Tesla's EV-level lineup are still falling.
His embrace of far-right politics in Europe has also led to protests against Musk and the company, as well as showrooms and charging stations in the United States and Europe.
Board members met with Musk and asked him to publicly admit that he would spend more time at Tesla.
It is unclear whether Musk is also a board member – knowing the inheritance plan, or his commitment to spend more time at Tesla affecting the effort.
Tesla and Musk did not immediately respond to Reuters' request for comment.
(Reported by Bipasha Dey in Bangalore; Editors by Alan Barona and Christopher Cushing)
