In a surprising turn of events, Tesla's board has reportedly started the process of finding a successor for CEO Elon Musk. Citing sources familiar with the matter, it has been revealed that the board has initiated a search to find a suitable replacement for Musk, who has been at the helm of the electric car maker for several years.

This news comes amidst growing speculation about Tesla's future direction and the need for stable leadership. While Musk has been a charismatic and controversial figure, there have been concerns about his erratic behavior and its impact on the company's operations.

However, in a statement to The Guardian, Tesla has denied the reports claiming that the board is looking to replace Musk. The company maintains that Musk remains committed to leading Tesla and driving its mission forward.

As the search for Musk's successor unfolds, investors and stakeholders will be closely watching to see how Tesla navigates this transition period. With the electric car industry rapidly evolving and facing new challenges, the appointment of a new CEO will be a crucial decision for Tesla's board to make.