The price of Dogecoin (Doge) has changed little after reports that automaker Tesla is looking for a new CEO to replace Technocrat Elon Musk.
Doge prices have rocked between the 16-17 cent mark in the past 24 hours along the flat market. Musk is known to be a supporter of Dogecoin, whose company comments and developments tend to affect Memecoin’s prices.
About a month ago, members of Tesla’s board contacted several executive search companies to replace Musk, who was caught up in heavy involvement with the Trump administration, according to the WSJ. Board members met Musk and asked him to publicly admit that he would spend more time at Tesla.
“This is absolutely wrong (and this was communicated to the media before the report was published),” Tesla’s X account said earlier Thursday. “Tesla’s CEO is Elon Musk and the board is extremely confident in its ability to continue to execute with an exciting growth plan.”
Musk called the report a “intentionally false article” in a follow-up post.
Tesla has accepted Doge, the only token that supports Doge for site merchandise payments since early 2022.