BitcoinSistemi 2025-05-01 06:57:07

Is Elon Musk Leaving Tesla? How Will Dogecoin Be Affected by a Possible Separation? Here Are the Details

Despite rumors that Tesla was looking for a replacement for its high-profile CEO Elon Musk, Dogecoin has remained largely unaffected. Dogecoin Holds Steady as Elon Musk Denies Rumors He Will Step Down as Tesla CEO The memecoin, which is usually sensitive to Musk’s public statements and business developments, has shown little reaction to the controversy, trading between $0.16 and $0.17 over the past 24 hours, while broader crypto markets have been sideways over the same period. The Wall Street Journal reported that Tesla board members reached out to executive search firms about a month ago to explore options for a new CEO, citing concerns about Musk's increasing alignment with the Trump administration. According to the report, board members also asked Musk to publicly recommit to focusing on Tesla, but Tesla moved quickly to quash the rumors. “This is absolutely false (and was communicated to the media before this report was published),” the company wrote on its official X account early Thursday. “Tesla’s CEO is Elon Musk, and the Board of Directors is extremely confident in his ability to continue executing on the exciting growth plan ahead.” Musk reiterated the denial in a personal post, calling the story an “intentionally false article.” Musk’s influence on Dogecoin is well-documented. He has been a vocal supporter of the token for years, frequently referencing it in social media posts and interviews. Despite the occasional turmoil in Musk’s public and professional life, Dogecoin’s increasing resilience suggests that the token market is maturing beyond single-point dependency as Musk continues to remain an influential figure. *This is not investment advice. Continue Reading: Is Elon Musk Leaving Tesla? How Will Dogecoin Be Affected by a Possible Separation? Here Are the Details