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Tesla Chair Denies Report EV Maker Looked To Replace CEO Musk

1. Tesla denies CEO replacement rumors amid share price concerns. 2. Robyn Denholm assured confidence in Musk's leadership. 3. Wedbush analysts predict Musk will remain CEO for at least five years. 4. Musk's Washington role reportedly impacting Tesla's time and focus. 5. Tesla shares unchanged despite 30% drop this year.

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FAQ

Why Bullish?

Denholm's denial of CEO replacement reassures investors, similar to past confidence-boosting statements. Historically, such clarifications have stabilized stock prices.

How important is it?

The assurance regarding Musk's position is crucial amid investor fears, impacting stock stability. Leadership continuity is vital for investor confidence.

Why Short Term?

The immediate focus on leadership stability can sway investor sentiment, as seen previously when leadership concerns surfaced.

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