Elon Musk, the magnanimous leader of Tesla, has launched a tirade against The Wall Street Journal (WSJ), calling their latest report “an EXTREMELY BAD BREACH OF ETHICS.” Oh, the audacity! The article, published on April 30, boldly claimed that the Tesla board was actively looking for a new CEO due to Musk’s… well, let’s call it “vibrant” political engagement and the slightly concerning number of other ventures he’s juggling. I mean, who needs focus when you have SpaceX, Neuralink, X, and xAI, right? 😂
The WSJ, of course, wasn’t content to leave it there. It alleged that the Tesla board had been in talks with recruitment firms. Musk took to X (formerly Twitter) to remind the world of his boundless eloquence, blasting the article and pointing out that the WSJ conveniently omitted the “unequivocal denial” from Tesla’s board. Oh, the drama!
Tesla’s board chair, Robyn Denholm, who is obviously no stranger to a good public battle, wasted no time in striking back. She posted on Tesla’s official X account, reassuring everyone that no recruiters had been contacted. In fact, she boldly declared: “This is absolutely false. The CEO of Tesla is Elon Musk, and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.” Sounds like a fairy tale, right? Or maybe a press release with extra sparkle. ✨
Musk under scrutiny for role in DOGE
The WSJ’s explosive report comes at a time when Musk is facing increased scrutiny over his political involvement, particularly his advisory role in Donald Trump’s *totally-not-controversial* Department of Government Efficiency (DOGE). Critics are whispering (or perhaps shouting?) that Musk’s ties with Trump have hurt Tesla’s image, especially internationally. Who knew that politics could be *such* a headache? 🤦♂️
To add salt to the wound, Tesla’s first-quarter profit fell off a cliff—plunging 71%. Oh, and market value? Down over $800 billion. Can someone get these guys a cup of coffee? They could really use it. The automaker’s Q1 results were less than stellar, with revenues of $19.34 billion, missing Wall Street’s estimates by a good 7.85%. A fall of 9.2% compared to last year’s same period? Yep, it’s a *good* time for some public relations magic!
On a positive note (yes, there’s always a sliver of sunshine), Tesla *did* manage to hold onto its Bitcoin. Sure, the value dropped 11.61%, but hey, at least it didn’t go to zero… yet. Musk’s digital assets took a little hit, but who’s counting? 🤷♂️
In a somewhat shocking turn of events, Musk has pledged to spend more time on Tesla. Maybe it’s because shareholders have started knocking on his door. As part of this “new focus,” he has apparently scaled back his time advising DOGE remotely. Washington? Yeah, not so much. 🤫
Crypto executives lash out at WSJ
But wait, there’s more! Musk isn’t the only one throwing shade at the WSJ. The crypto world is also up in arms, with executives accusing the publication of biased and misleading coverage. On April 12, Binance’s former CEO, Changpeng Zhao, slammed a WSJ report that claimed he had agreed to testify against Tron’s founder Justin Sun. Zhao didn’t hold back, writing on X: “WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn’t.” Ouch. A little shade, no? 😎
And if you think that’s the end of the drama, think again! In March 2023, Tether also rejected a WSJ report accusing them of using fake documents to maintain banking access. Their response? “Stale,” “inaccurate,” and “misleading.” In other words, “we don’t need this negativity.”
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2025-05-01 10:57