Musk Future: Tesla Denies New CEO Search; US, Ukraine Sign Minerals Deal | Bloomberg The Pulse 05/01

Tesla Chair Robyn Denholm denied a report that the board had looked to replace Chief Executive Officer Elon Musk, saying directors are “highly confident” in his ability. “Earlier today, there was a media report erroneously claiming that the Tesla board had contacted recruitment firms to initiate a CEO search at the company,” Denholm posted to Tesla’s X account. “This is absolutely false.” The Wall Street Journal reported earlier that Tesla board members had contacted executive search firms to seek a successor to Musk earlier this year, citing people familiar with the discussions.

In geopolitics, the US and Ukraine reached a deal over access to the country’s natural resources. The deal will grant the US privileged access to new investment projects to develop Ukraine’s natural resources including aluminum, graphite, oil and natural gas. It’s been seen as critical to fostering Trump’s goodwill as his administration pushes to end the war that began when Russia mounted its full-scale invasion more than three years ago.

Today's guests: Jimmy Muchechetere, Investec; Seema Shah, Principal Asset Management; Stephen Yiu, Blue Whale Growth Fund

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