Tesla, Chairman of the Board of Directors, denied the report that the company was starting to compensate for Elon Musk, the CEO who would spend most of his time working for President Trump, while the sale and profits of cars were falling.
Robyn Denholm, who led the Board of Directors for more than six years, said X that the Wall Street Journal report was “absolutely false”.
“Elon Musk is the CEO of Tesla, and the Board of Directors is very confident in his ability to continue to carry out an exciting growth plan in front of us,” Mrs. Denholm said in the Tesla account on X, a social media company owned by Mr. Musk.
Magazine Late Wednesday About a month ago, the Tesla Council contacted powerful search companies to help Mr. Musk’s compensation with citing “people familiar with this matter”.
After the company announced a 71 % decline in quarterly profit last week, Mr. Musk promised to spend more time in Tesla and less time in Washington. He said he would spend one or two days a week for administrative work.
The absence of Mr. Musk of Tesla, while supervising Mr. Trump’s efforts to reduce government expenditures and reduce the jobs of the Federal Government, became a point with investors. Mr. Musk’s involvement with administration and right -wing causes in Europe has caused protests in Tesla retailers and is partly responsible for a steep decline in sales. Electric vehicles buyers are liberals or centrist.
Tesla’s revenues dropped by 9 percent to $ 19.3 billion in the first quarter of the year, the company reported last week.
The automaker has lost the market share in the United States, China and Europe as competitors such as Byd, General Motors, Volkswagen and other companies introduce dozens of electric models. Analysts caused Tesla for not expanding their line -up over two main cars.
The Sports Commercial Vehicle of the Y and Sedan Model 3 is the vast majority of Tesla sales. Cybertruck, the latest Tesla vehicle, was not sold, just like Mr. Musk said.
