Tesla shareholder group complains Elon Musk is too distracted to run company | CNN Business

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A group of progressive Tesla shareholders wants the company’s board of directors to make CEO Elon Musk concentrate more on one of his many jobs, that of running the EV automaker

A group of progressive Tesla shareholders want the company’s board of directors to make CEO Elon Musk concentrate more on one of his many jobs, that of running the EV automaker. In a letter to the Tesla board, the group says that Musk is not spending enough time and attention focused on issues facing the company, including increased EV competition from other automakers, and addressing issues important to the group, including allegations of a toxic work environment at Tesla.

The letter alleges Musk’s lack of focus at Tesla is causing problems for the company, such as a high turnover rate with its staff due to its work environment. But it doesn’t spell out what should be done to make him focus on those problems. “Tesla needs a board that will ensure that the CEO is focused on addressing its challenges,” said the letter.

 

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