Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla chair Robyn Denholm denied a report that the board was seeking to replace its chief executive Elon Musk in response to plunging sales and a widespread backlash against his alliance with US President Donald Trump.\u201cEarlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company,\u201d Denholm said in a post on the electric vehicle maker\u2019s account on social media platform X early on Thursday morning. \u201cThis is absolutely false\u2009.\u2009.\u2009. 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.\u201dShe was responding to a story published a day earlier in the Wall Street Journal, which said the board had contacted headhunters to recruit his successor after growing concerned about the time he was spending in Washington.Tesla has been rocked by Musk\u2019s political activism and his championing of conservative causes around the world, which have hit sales in some of its most important markets and provoked protests at its dealerships and vandalism of its cars.First-quarter profit at the carmaker plunged 71 per cent, undershooting even the most pessimistic expectations, and Tesla lost its crown as the world\u2019s largest EV maker to Chinese rival BYD. Its shares have fallen 30 per cent since the start of the year, wiping more than $800bn from its market valuationLast week Musk bowed to investor pressure, pledging to \u201csignificantly\u201d scale back his work last week as head of the so-called Department of Government Efficiency (Doge) \u2014 a position originally slated to last into 2026 \u2014\u00a0and start \u201callocating far more of my time to Tesla\u201d.Musk, the world\u2019s richest man, also splits his time between a conglomerate of companies including social media platform X, which he recently merged with his artificial intelligence company xAI, as well as SpaceX and Neuralink.Musk \u2014 whose outspoken nature had led clashes with members of Trump\u2019s cabinet \u2014 has since largely vacated his office near the White House and is advising on Doge remotely, according to a person familiar with the matter.Trump\u2019s chief of staff Susie Wiles told the New York Post on Wednesday that Musk, \u201chasn\u2019t been [at the White House] physically, but it really doesn\u2019t matter much,\u201d adding she spoke to the billionaire regularly on the phone.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla chair Robyn Denholm denied a report that the board was seeking to replace its chief executive Elon Musk in response to plunging sales and a<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-297056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/297056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=297056"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/297056\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=297056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=297056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=297056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}