Tesla investors demand Musk work 40-hour week at EV maker as 'crisis' builds

[LiberalArkie]

MAY 28 20255:53 PM EDT

Elon Musk needs to spend more time at Tesla as his electric vehicle company faces a “crisis,” according to a letter on Wednesday from a group of pension fund leaders who manage investments in the company.

“Tesla’s stock price volatility, declining sales, as well as disconcerting reports regarding the company’s human rights practices, and a plummeting global reputation are cause for serious concern,” the investors wrote in a letter to Robyn Denholm, the company’s board chair. “Moreover, many issues are linked to Mr. Musk’s actions outside of his role as Technoking and Chief Executive Officer at Tesla, including his high-profile role as an architect of the U.S. Department of Government Efficiency (DOGE).”

The investors want the Tesla board to require Musk to work a minimum of 40 hours per week at the automaker as a condition of any new compensation plan they may arrange for him. They also want a clear succession plan for management of the EV business, and a policy that would apply to all Tesla directors limiting their outside board commitments at public and private companies.

Early last year, the Delaware Court of Chancery ordered Tesla to rescind Musk’s 2018 CEO pay package, which had been worth around $56 billion, finding that Musk controlled the company, and the board’s compensation committee misled shareholders before seeking their vote to approve the plan

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https://www.cnbc.com/2025/05/28/tesla-investors-demand-musk-work-40-hour-week-at-ev-maker-amid-crisis.html

[newdeal2]

1. Take away his Twitter

That would be the only punishment he cares about.

[Initech]

5. And also his ketamine stash.

[JBTaurus83]

2. That's the opposite of what needs to happen

If Tesla wants to rebound, they need to jettison Musk not make him even more the face of the company.

[Skittles]

4. EXACTLY

MUSK REPRESENTS FASCISM and no decent person wants to be associated with THAT.

[LiberalArkie]

8. Be difficult as he is the largest stock holder, but he only holds 12.8%. So a lot of the big investors would

need to gang up. If they get pissed off at the loss of money, they might just do it.

[BeerBarrelPolka]

3. Random drug test him

[Walleye]

6. Write him a letter and make a list five things he did last week

[dutch777]

7. Yeah, only takes a decade or two to rebuild a broken brand. And as long as Trump is trashing the EU, sales will be slow

I don't follow Tesla in any meaningful way but in my passing knowledge, seems they haven't really meaningfully updated model offerings or features, they made the Frankentruck and had the nerve to sell it for real money, Musk ticked off pretty much everyone in Europe and elsewhere by supporting their most extreme right wing political parties/candidates and then Trump ticked off anyone eLoon missed by generally being an ass to allies even more than enemies. I just want to know who will be supervising eLoon for those 40 hours and make sure it is all for Tesla and not X or DOGE or making babies in the back room with the babe du jour. I would be happy to send along a few cases of cattle prods with extra batteries just because.

[flvegan]

9. Technoking?

First time I've heard that term for him.

That's hilarious.

[lame54]

10. It's not his absence...

It's his loathsomeness that is tanking the company