Report: Tesla Searching for New CEO to Succeed Musk

Tesla started a formal process to find its next CEO last month, amidst declining public opinion about billionaire Elon Musk, according to a bombshell report from the Wall Street Journal. “Board members reached out to several executive search firms to work on a formal process for finding Tesla’s next chief executive,” the Journal reported Wednesday night, citing people familiar with the matter. “The board narrowed its focus to a major search firm … The current status of the succession planning couldn’t be determined. It is also unclear if Musk, himself a Tesla board member, was aware of the effort, or...