#WSJ։ "Tesla's board of directors is looking for a replacement for Musk"

Tesla’s board in March contacted multiple executive placement firms to begin a search process for a new CEO to replace Elon Musk at the helm of the embattled electric car company, the Wall Street Journal reported Wednesday night, citing multiple anonymous sources.

Tesla began seriously considering replacing Musk about a month ago amid a slump in stock prices and some investors becoming increasingly nervous about Musk's focus on his White House job.

The board of directors has reached out to companies seeking CEOs, beginning the formal process to find the next leader, the newspaper reported.