Tesla shareholders demand CEO Elon Musk work 40 hours per week amid ‘crisis’

A group of Tesla shareholders is urging CEO Elon Musk to dedicate a minimum of 40 hours weekly to the company, citing concerns about its current performance and trajectory. This request comes as Tesla navigates challenges including increased competition in the electric vehicle market, production hurdles, and recent stock price volatility. The shareholders believe a more consistent and focused leadership presence from Musk is crucial to address these issues and steer the company toward sustained growth.

Musk's intensive involvement across multiple high-profile ventures, including SpaceX and X (formerly Twitter), has often led to questions about his availability and the potential impact on Tesla's operational priorities. This demand highlights a recurring tension between the company's reliance on Musk's visionary leadership and the need for steady, day-to-day management to ensure operational efficiency and shareholder value. The shareholders' plea underscores the ongoing debate about governance and executive commitment at one of the world's most prominent technology companies.