Tesla Inc. 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,

The electric car company continues to face massive challenges as evidenced by its disastrous first-quarter earnings.

In an interview, the electric carmaker’s Australian chairwoman said that she needed to “make sure the team is focused on what they need to deliver”.