Tesla is facing mounting pressure from institutional investors demanding CEO Elon Musk recommit to the company amid what they call a “crisis.” Investors expressed concern over Tesla’s declining sales, stock volatility, human rights issues, and damaged global reputation. They attributed many of these problems to Elon Musk’s activities outside Tesla, including his involvement with the U.S. Department of Government Efficiency. They also urged Tesla’s board to mandate a 40-hour workweek for Musk, establish a clear succession plan, and limit directors’ external board roles. The investors hold 7.9 million Tesla shares and accused the board of failing to act in shareholders’ best interest by not requiring Musk’s full-time focus. Tesla did not respond to a request for comment.
