Tesla reportedly searching for CEO to replace Musk

By David Goldman, CNN

Tesla’s board in March contacted multiple executive placement firms to begin a search process for a new CEO to replace Elon Musk at the helm of the embattled electric car company, the Wall Street Journal reported Wednesday night, citing multiple anonymous sources.

It’s not clear what the time table would have been for Musk’s ouster or whether those search efforts remain in place, the Journal reported.

The stunning revelation suggests that Tesla’s moribund stock price (TSLA) ...