Tesla chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a new replacement for CEO Elon Musk.

Tesla Chair Robyn Denholm said that a report claiming the company's board had contacted recruitment firms is "absolutely false."

November, Tesla Inc. board chair Robyn Denholm has been selling the company’s stock. During that time, shares whipsawed and the company’s sales slowed — and then cratered — around the world.