Prominent Tesla investor Ross Gerber reacts to a Wall Street Journal report that Tesla’s board in March contacted multiple executive placement firms to begin a search process for a new CEO to replace Elon Musk.

Elon Musk and Tesla's chair early on Thursday vehemently denied a Wall Street Journal report saying the EV company's board had launched a search process for a new CEO to potentially replace the world's richest person.

Tesla has denied reports that it has contacted recruitment firms to launch a search for a replacement for Elon Musk as chief executive. The Wall Street Journal reported on Wednesday that the electric car firm's board began looking for a successor to Mr Musk last month.