{"id":128359,"date":"2025-05-01T08:15:26","date_gmt":"2025-05-01T08:15:26","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128359"},"modified":"2025-05-01T08:15:26","modified_gmt":"2025-05-01T08:15:26","slug":"bad-breach-of-ethics-musk-echoes-crypto-execs-in-backlash-against-wsj","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128359","title":{"rendered":"\u2018Bad breach of ethics\u2019 \u2014 Musk echoes crypto execs in backlash against WSJ"},"content":{"rendered":"

Source: Cointelegraph.com NewsTesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication\u2019s latest report \u201can EXTREMELY BAD BREACH OF ETHICS,\u201d after it claimed the Tesla board was actively seeking his replacement as CEO.
\nThe report, published on April 30, alleged that the board had approached recruitment firms due to concerns over Musk\u2019s political activity and split focus across multiple ventures.
\nMusk took to X to denounce the article, stating that the WSJ deliberately published false information while knowingly excluding an \u201cunequivocal denial\u201d from Tesla\u2019s board.
\nTesla board chair Robyn Denholm also issued a strong rebuttal early Thursday morning, posting on Tesla\u2019s official X account that the board had not contacted recruiters.
\n\u201cThis is absolutely false,\u201d she said. \u201cThe CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.\u201d
\nMusk and Tesla board dismissing WSJ report. Source: Elon MuskRelated: WSJ debacle fueled US lawmakers\u2019 ill-informed crusade against crypto
\nMusk under scrutiny for role in DOGE
\nThe WSJ\u2019s report comes amid growing scrutiny of Musk\u2019s political involvement, particularly his advisory role in US President Donald Trump\u2019s Department of Government Efficiency (DOGE).
\nCritics argue that his involvement with the Trump administration has hurt Tesla\u2019s brand, especially in international markets. Tesla\u2019s first-quarter profit plunged 71%, and its market value has declined by over $800 billion since the start of the year.
\nThe automaker\u2019s Q1\u00a0results\u00a0released show revenues hit $19.34 billion, missing Wall Street\u00a0estimates by 7.85% and marking a 9.2% fall from the same period last year.
\nHowever, the firm held onto its Bitcoin during the first quarter of 2025. Tesla\u2019s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1, alongside Bitcoin\u2019s\u00a011.56% price fall to $82,514 over the same time.
\nMusk, who also runs SpaceX, Neuralink, and the recently merged X and xAI, has agreed to shift more of his time back to Tesla in response to shareholder pressure. According to reports, he is now advising DOGE remotely and has scaled back his physical presence in Washington.
\nRelated: Elon Musk\u2019s sale of X to xAI just made fraud lawsuit \u2019a lot spicer\u2019
\nCrypto executives lash out at WSJ
\nMusk\u2019s backlash against the WSJ adds to a growing chorus of criticism from crypto executives who have recently accused the outlet of misleading coverage and bias against the digital asset industry.
\nOn April 12, Binance\u2019s former CEO Changpeng Zhao\u00a0dismissed a WSJ report that claimed he has agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).
\n\u201cWSJ is really TRYING here. They seem to have forgotten who went to prison and who didn\u2019t,\u201d Zhao wrote in an April 12 X\u00a0post. \u201cPeople who become gov witnesses don\u2019t go to prison. They are protected. I heard someone paid WSJ employees to smear me.\u201d
\nSoruce: CZIn March 2023, Tether also rejected a WSJ report alleging it used fake documents and shell companies to maintain banking access, calling the claims \u201cstale,\u201d \u201cinaccurate,\u201d and \u201cmisleading.\u201d
\nMagazine: Binance hits back at WSJ, Hong Kong crypto ETF\u2019s take \u2018$50B equivalent\u2019: Asia ExpressRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsTesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication\u2019s latest report \u201can EXTREMELY BAD BREACH OF ETHICS,\u201d after it claimed the… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128359"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128359"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128359\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128359"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}