As an enthusiastic follower, I’m sharing a recent request from a coalition of twelve substantial Tesla shareholders, collectively overseeing approximately $950 billion in assets. In a letter to the board, they’ve expressed concern about Elon Musk’s time allocation and suggested that he dedicates at least 40 hours per week exclusively to Tesla’s operations. They believe his attention is stretched too thin due to his involvement in multiple ventures, such as Neuralink (an innovative project aimed at potentially revolutionizing technology like smartphones), SpaceX, The Boring Company, and others.
Tesla investors push Elon Musk to refocus on the company
As reported in MeinMMO, various shareholders such as pension funds, union-aligned SOC Investment Group, the American Federation of Teachers, and local government officials are urging Tesla’s board (headed by Robyn Denholm) to persuade Elon Musk to dedicate at least 40 hours weekly to Tesla. The shareholders express concern that his involvement in multiple businesses and political activities may have resulted in a dip in sales and profits, stock volatility, poor performance, and harm to Tesla’s international standing, particularly concerning labor practices.
Alongside the need for a significant time investment, investors are also insisting on having a robust contingency plan for the CEO, in case he decides to step down. They’re advocating for restrictions on how many external boards Tesla directors can be part of simultaneously, and they prefer at least one fresh board member who is entirely independent, with no connections to Musk or his inner circle. This is happening as shareholders are evaluating Musk’s next compensation deal, which they believe should involve a guaranteed 40-hour workweek.
Lately, there’s been a noticeable difference in how Elon Musk has been working compared to his usual 80-100 hour work weeks he requires from his employees, particularly during critical periods. This shift raises concerns because it seems inconsistent when the one setting high standards isn’t fully committed to them at Tesla as well. Such demanding hours are hard to defend in the first place, but the issue becomes more complicated when the leader doesn’t walk the talk.
According to Musk, he’s reducing his involvement in Washington and intends to dedicate all his time (24 hours a day, 7 days a week) to Tesla once more.
Read More
- 50 Ankle Break & Score Sound ID Codes for Basketball Zero
- 50 Goal Sound ID Codes for Blue Lock Rivals
- Mirren Star Legends Tier List [Global Release] (May 2025)
- Stellar Blade x Nikke DLC: Full Walkthrough | How to Beat Scarlet + All Outfit Rewards
- Jump Stars Assemble Meta Unit Tier List & Reroll Guide
- Lucky Offense Tier List & Reroll Guide
- Sony Doesn’t Sound Too Concerned About Switch 2, Even After A Record-Breaking Debut
- 100 Most-Watched TV Series of 2024-25 Across Streaming, Broadcast and Cable: ‘Squid Game’ Leads This Season’s Rankers
- League of Legends: T1’s Lackluster Performance in LCK 2025 Against Hanwha Life Esports
- How to watch BLAST Austin Major 2025: Stream, Schedule, Teams
2025-06-23 13:31