Tesla shareholders demand answers from Elon Musk

A group of Tesla shareholders sent a letter to the Board demanding answers about Elon Musk’s path forward.

Transcript

00:00Elon Musk is officially stepping down from his role in the Department of Government Efficiency.

00:05As a special government employee, Musk can only work in his role for 130 days in one

00:09calendar year, and that mark will be hit at the end of May.

00:12The Tesla CEO thanked President Trump on X, which he also owns, and wrote in his post

00:17that the Doge mission will only strengthen over time as it becomes a way of life throughout

00:21the government.

00:22But as Musk's time in government comes to a close, Tesla shareholders remain concerned

00:26about his work at the company.

00:28In a letter obtained by CNN, a group of shareholders have urged Musk to work at least 40 hours a

00:32week at Tesla.

00:34In the letter, the concerned group said Mr. Musk's outside endeavors appear to have diverted

00:38his time and attention from actively managing Tesla's operations, as any other chief executive

00:43officer of a publicly traded company would be expected to do.

00:46The letter also urged Tesla's board to implement a clear-cut CEO succession plan.

00:51Tesla did not respond to a request for comment.

00:53That'll do it for your daily briefing.

00:54For New York City, I'm Kelsey Barbario with The Street.

00:56For New York City, I'm Kelsey Barbario with The Street.