India, May 1 -- Tesla Inc. chair Robyn Denholm has denied a Wall Street Journal report that its board was searching for a replacement for Chief Executive Officer Elon Musk.
On the social media platform X, she called the report as "absolutely false."
Shares of Tesla had fallen around 3 percent on Wednesday's trading following the news. However, with the denial of the report, the stock is currently gaining around 1 percent in the pre-market activity.
The WSJ report, citing sources familiar with the discussions, had said that Tesla's board members reached out to several executive search firms to work on a formal process to find a new CEO for the luxury automaker.
In response to the report, Denholm wrote, "Earlier today, there was a media r...