Is Elon Musk Leaving His Position at Tesla? How Will Dogecoin Be Affected by a Possible Separation? Here are the Details.

Despite rumors that Tesla's high-profile CEO Elon Musk is looking for someone to replace him, Dogecoin has largely been unaffected by this situation.

While Denying Rumors That Elon Musk Will Leave His Position as CEO of Tesla, Dogecoin Remained Stable

The memecoin, which is generally sensitive to Musk's public statements and commercial developments, traded between $0.16 and $0.17 in the last 24 hours, showing very little reaction to the controversies. Broader crypto markets remained relatively flat during 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 news, board members also asked Musk to publicly reaffirm his commitment to focusing on Tesla. However, Tesla quickly moved to quell the rumors.

The company made a statement early Thursday from its official X account saying, "This is definitely incorrect ( and this report was communicated to the media before its release )."

"The CEO of Tesla is Elon Musk, and the Board has extremely high confidence in its ability to continue executing the exciting growth plan ahead."

Musk reiterated the denial in a personal post, describing the story as a "deliberately 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, the increasing resilience of Dogecoin indicates that while Musk continues to be an influential figure, the token market has matured beyond a single point of dependency.