It hasn't been an easy year for electric vehicle maker Tesla (NASDAQ: TSLA), which has seen its stock fall roughly 30% this year (as of April 30 market close). The company reported disappointing first-quarter results,

Tesla has had a rough 2025, so far, and a report from The Wall Street Journal on Wednesday suggested the company's board may be looking to replace CEO Elon Musk. Tesla's profit plummeted by 71% during the first three months of 2025.

The Wall Street Journal claims Tesla's board was eyeing a replacement for Musk amid a huge sales drop, but the company says the news is 'absolutely false.'