According to The Kobeissi Letter, Tesla (TSLA) has officially denied the Wall Street Journal’s report alleging that its Board of Directors is searching for Elon Musk’s successor, calling the claim 'absolutely false.' This clarification removes immediate uncertainty around Tesla’s executive leadership, which is a critical factor for trading sentiment and stock volatility. Traders should note that the dismissal of leadership transition rumors by Tesla’s management maintains current market stability for TSLA, potentially reducing short-term speculative risk and influencing institutional trading strategies (Source: The Kobeissi Letter, Twitter, May 1, 2025).