Baykar finalises takeover of Italy’s Piaggio Aerospace
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a...
Tesla chair Robyn Denholm called “absolutely false” a Wall Street Journal report that the board is hunting for a successor to CEO Elon Musk, insisting directors remain confident in his leadership.
Tesla Inc. moved quickly on Thursday to quash a Wall Street Journal report claiming the electric-vehicle maker has been discreetly scouting for a chief-executive successor to Elon Musk.
Board chair Robyn Denholm labeled the story “absolutely false” in a post on X, insisting the directors remain “highly confident in Elon’s ability to continue executing on the exciting growth plan ahead.” Musk echoed the sentiment on the same platform, calling the article “a deliberately false piece.”
The Journal, citing people familiar with the matter, reported that Tesla directors had contacted several executive-search firms about a month ago to explore potential CEO candidates. According to the paper, the board’s outreach stemmed from investor worries over sliding vehicle sales and Musk’s time-consuming political duties in Washington.
Musk recently told shareholders he would “significantly scale back” his role at the Trump administration’s Department of Government Efficiency (DOGE) and devote more attention to Tesla. While some investors say Musk’s government stint complements Tesla’s tech-heavy ambitions, others fear the dual obligations come at a delicate time for the carmaker.
Tesla is shifting from its long-promised low-cost EV project to a future focused on driverless “robotaxis” and humanoid robotics. Federal regulators last week loosened autonomous-vehicle testing rules, lifting Tesla’s stock and fueling optimism that political tailwinds could accelerate Musk’s AI-centric vision.
Yet vehicle deliveries have declined for two straight quarters, and the company’s aging lineup faces fierce competition from lower-priced models in China and Europe. Analysts say a credible road map—and consistent executive focus—will be vital as Tesla transitions from automaker to robotics powerhouse.
Activist investors have frequently criticized Tesla’s eight-member board for its perceived closeness to Musk. In addition to Denholm, the board includes co-founder JB Straubel, Musk’s brother Kimbal, and James Murdoch, son of media mogul Rupert Murdoch.
Denholm—appointed chair after Musk’s 2018 settlement with the U.S. Securities and Exchange Commission—has faced repeated questions about her stock-based compensation and her sale of roughly $33.7 million in Tesla shares earlier this year.
The board, according to the Journal, is searching for an additional independent director and has quietly met large shareholders to assure them Tesla’s governance is sound. A spokesperson declined to comment on those discussions, but stressed that “succession planning is routine at any large public company and is not tied to any current intent to replace Elon Musk.”
For now, Musk remains firmly at Tesla’s helm and has publicly recommitted to the company’s next phase of growth. Whether the board’s latest denial lays investor fears to rest—or stokes fresh demands for transparency—will become clearer at Tesla’s annual meeting, scheduled for June.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
Special envoys from Pakistan, China and Russia held an informal meeting in the Qatari capital on Monday to discuss regional cooperation on Afghanistan, Pakistani envoy Mohammad Sadiq confirmed in a post on X.
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a European production base for its unmanned aerial vehicles and civil jets.
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