Tesla's board reportedly began seeking a potential successor for Elon Musk a month ago, amid falling sales, shrinking profits, and Musk's focus on political endeavors. The board expressed concerns to Musk about his divided attention, prompting him to promise more time to Tesla. However, Tesla chair Robyn Denholm denied the report, while Musk called it an ethics breach. The Wall Street Journal maintains its reporting, noting Tesla did not respond to inquiries. Musk remains optimistic despite a significant drop in Tesla's market value and profits.

Prepared by Christopher Adams and reviewed by editorial team.