Tesla Chair Denies Reported CEO Search and Backs Elon Musk (1)

Tesla Inc.’s chair denied a report that said board members started a search for a chief executive officer to succeed Elon Musk, saying directors are “highly confident” in his abilities.

The Wall Street Journal reported late Wednesday that unidentified Tesla board members had reached out to executive-search firms about a month ago, citing people familiar with the discussions. Robyn Denholm, Tesla’s chair, called the story “absolutely false.”

“The CEO of Tesla is Elon Musk and the board is highly confident in his ability to continue executing on the exciting growth plan ahead,” Denholm said via the company’s ...