Tesla chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a new replacement for CEO Elon Musk.

Elon Musk on Thursday blasted The Wall Street Journal over a report that Tesla’s board of directors is looking to recruit a new chief executive to replace the billionaire in the top job.The Journal on Wednesday reported that “about a month ago” Tesla’s board started reaching out to recruiting firms to formalize a process to find a new CEO.

With profits and the stock price sinking, board members told Musk he needed to spend more time at the company.