Tesla denies board search for Elon Musk’s successor; Trump tariffs to slash growth, says Bank of Japan – business live
Tesla denies board search for Elon Musk’s successor; Trump tariffs to slash growth, says Bank of Japan – business live
Live, rolling coverage of business, economics and financial markets as UK’s Competition and Markets Authority scrutinises veterinary industry and companies adjust to Trump tariffs
Tesla’s chair has denied that the electric car company is looking for a replacement for Elon Musk, after the billionaire spent several months focusing on serving Donald Trump even as the carmaker’s profits slumped.
The US manufacturer posted a statement on X, the social network owned by Musk, from chair Robyn Denholm saying the company was “highly confident in his ability to continue executing on the exciting growth plan ahead”, and claiming a report on possible successors was “erroneous”.