Dogecoin remains stable since Elon Musk says goodbye to the rumors of the CEO of Tesla

Dogecoin showed a minimum price movement after reports that suggest that Tesla could be planning to replace Elon Musk as CEO, says the company quickly denied.

In the last 24 hours, Dege quoted between 16 and 17 cents, reflecting the broader stability in the cryptocurrency market. Elon Musk, a vocal defender of Dogecoin, has historically influenced the value of the Token through his commercial statements and decisions.

According to a report from The Wall Street JournalThe Tesla Board had communicated with executive search companies during the past month, exploring possible Musk successors. According to reports, the measure was promoted by concerns about the growing participation of Musk with political affairs, particularly its ties with the Trump administration. According to the reports, the members of the Board asked Musk to publicly promote more time to Tesla.

Tesla, however, firmly rejected the report. “This is absolutely false (and this was communicated to the media before the report was published),” the company published in its official X account on Early Thursday. “The CEO of Tesla is Elon Musk, and the Board trusted largely on its ability to continue executing the exciting growth plan that is coming.”

Musk also responded personally, labeling the report a “deliberately false article.”

Tesla continues to accept Dogecoin for select purchases of goods, the only cryptocurrency that the company supports. Since the beginning of 2022, users have been able to connect their dogle wallets directly to the Tesla website and pay paycoin wallets dedicated to the car manufacturer. Despite CEO speculation, Dogecoin’s price action remained calm, indicating investors in Musk’s leadership and continuous cryptographic commitment.

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