A group of major shareholders in Tesla, CEO of Elon Musk, calls for his interest in the electric vehicle company, citing the decline in sales and reputation damage and the List of CEO of foreign projects-including its work period now in the Trump administration.
In a letter sent on Wednesday to the Chairman of the Board of Directors of Tesla Robyn Denholm, investors urged the Board of Directors to claim MUSK to spend at least 40 hours a week in the company and adopt new governance policies that would limit the external obligations of managers.
They also called for a plan attached to the official CEO and a member of a new independent council at least with the absence of personal relationships with Musk or his allies.
“The fluctuation of stock prices in Tesla, the decline in sales, as well as annoying reports related to the company's human rights practices, and the global hanging reputation is a cause of extreme anxiety,” says the message. The content of the message was reported by CNBC.
“Moreover, many issues are related to Mr. Musk's actions outside his role as technology and executive director of Tesla, including his prominent role as an engineer of the US State Department of efficiency (DOGE).”
This week ended, the time of Musk in Doge- a federal agency that helped lead it as part of the second Trump state-this week, with the validity of the limit that lasted 130 days as a private government employee.
Musk wrote on social media on Wednesday: “The Doge mission will only be strengthened over time because it becomes a means of life throughout the government.”
But for some of Tesla investors, his government work is a symbol of a deeper problem: the CEO who increases his attention from the company's basic task at a time when he faces the increasing opposite winds.
Tesla sales decreased, as European delivery operations decreased in April by approximately 50 % from the same month last year. EV sales also decreased in the first quarter on an annual basis, and the company's shares decreased by 12 % in 2024-which led to a sharp twice the performance of NASDAC, which decreased by 1 % during the same period.
The general image of the company also achieved great success.
Once it was ranked among the top 10 American brands, Tesla fell to 95 in the latest Axios Harris poll, exceeding six car companies.
Investors attribute the partial decline to the political activity of Musk, including a donation of approximately $ 300 million for Trump's efforts and controversial support for the right AFD in Germany.
The message was signed by shareholders who control 7.9 million Tesla shares, including the SOC Investment Group group, the American Union of Teachers, the Secretary of the Orgoes of Elzabeth Steiner, and the New York City Observer Brad Lander.
They criticized the Tesla Council as “unwilling to act in the interest of all Tesla shareholders” and argued that “Musk's full -time interest” is necessary to transfer the company.
“Tesla faces a crisis,” says the message.
The timing of the message coincides with the ongoing tensions between the Musk and Tesla Council for executive compensation.
In January, a Dilayer judge dropped the 2018 Musk salary package – which is valued at $ 56 billion – and decided that the council was misled investors and that musk was effective on the company.
MUSK has since a new arrangement that would give him 25 % of the voting control.
This month, Tesla announced that Jacques Hartong, the former financial director of Kibutle, will join the Board of Directors.
However, investors noticed that Hartong previously served with the brother of Musk Kimal Mousse, Tesla's director, which raised concerns about the independence of the Council.
Musk, for his part, said this week that he is planning to “focus more” on his business, which also includes Rocket Maker Spacex and Stantertal Startep Xai.
The post asked for a comment from Musk and Tesla.
