According to The Kobeissi Letter, Tesla has officially denied a Wall Street Journal report that claimed the company's Board of Directors began searching for Elon Musk's successor, stating the report is 'absolutely false' (source: @KobeissiLetter, May 1, 2025). This clarification from Tesla removes immediate uncertainty regarding leadership, which may help stabilize $TSLA price action in the short term. Traders should monitor market sentiment and volatility as false leadership rumors can impact stock liquidity and short-term trading strategies.