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- While Elon Musk prepares to leave US government,, Tesla Investors plead with the EV Creator to ensure the company’s CEO refocuses and reveal how he is replaced by the board in an emergency or if he or she will lose interest. In a letter sent to Tesla Board Chaird Robolm on Wednesday, shareholders asked to work for at least 40 hours a week in the company.
Elon Musk’s departure from the effectivity of the Department of Government of Government has not been obtained to extinguish the Tesla investors about CEO’s loss from CEO Creator.
Said Musk on Wednesday he would Leave the government After the end of his “scheduled time” as a special government employee. Movement comes amid changes from Tesla investors for musk to rococus his role and for the company to replace investors when he works from Tesla.
“DOGE is only one of the many commitments outside the time the musk is different from Tesla first, Tejal Patel, Executive Director of the Sec Providtment Group, told wealth. “Because he left the doge doesn’t mean he focuses on Tesla.”
Sec Investment Group, part of the Union Clapition in the TradeGic Organizing Center, working with a Pension fund group to send a LYRICS For Tesla Board Chaird Robyn Denholm on Wednesday, asking the board address in the continuing “crisis” of the company. The letter of 12 Signees is the long-term investors with self-contained or watch investments near 7.9 million parts of Tesla’s 3.2 billion.
“The efforts outside Mr. Mr. the efforts moving his time and attention from the active public operations, because of the time of the public traded in the publicly resisted by his large private companies and other external efforts.”
Since Musk has joined President Donald Trump administration, Tesla stock is more than 14% as The vehicle registrations Due to the increase in Chinese competition and The consumer’s consumer opinion to the company over the musk. Her affectionate group of blood heals our bureaucracy and is worth 260,000 federal workers in their jobs, Rabause judge.
The student’s Student in Illinois Michael Frerichs, one of the letter signee, speaks wealth Musk gets himself in more hot political water after he Trump’s expenditure was criticized.
“He was impressed that he was mad at half of the US by healing Trump, and now he chose to fight his terrible, bad bill, and was likely to be angry with other half of the country,” says Ferrichs.
investments ASKING
Tesla investors request the board with a time requirement while it is checking the musk’s fee, like preparing him to work on his role in the Sundom Company in a week. Tesla Board gathers a special check committee with a new fee fee for Musk, THE Periodic Period reported This month. The CEO is deprived of a Seller dealer For a record-setting of $ 56 billion pay package with a verdict.
Signees also call for a clear company in the company, including identification of “emergency” heirs to step for the musk must be the company. The shareholders also demand the Tesla Board to set more restrictive limits to participate in directors’ and executives to other companies and boards.
“We wanted to make sure individuals can deduct adequate time to handle and, in the case of executives, to manage the company to be appropriate,” said Patel.
The shareholders encourage Tesla to teach at least one director “real independent” from the company, according to the letter. In the past this month Chipotle Chief strategies officially Jack Hartung Includes the Tesla boardBut revealed to those who revealed that his son-in-law was an employee of Tesla.
“This is a little surprise to us that the board will raise another director considered to be independent under management and deep CEO connections,” Patel said.
Tesla’s board also includes Ira Ehrenpreis, chairman of the Tesla compensation committee and the Kimbal Musk’s sister, who sat on the company board since 2004. The two insider recently stock options are used It provides $ 162 million and $ 31 million each, according to the SEC filters.
Tesla didn’t answer wealthComment request for comment.
What is the DOGE after?
As the musk prepares to leave his paper in the doho, investors are proud that the CEO has a long way to go to the EV course makes the Mover.
“In essence, it’s a good first step,” as freerhs. “But the question is, does he just free the time, or does he know the lessons from his time? Each can make mistakes. Do I know from them?”
Musk himself confirmed his desire to lead Tesla early this month in the Qatar Economic Forum in Doha, saying a video call he was a CEO of the company Another five years. In all that while, Musk continues to be involved in leadership Excoke,, Xand xai. Investors should see the Tesla investment time in the next six months to a year, as Ferrichs.
“He still has an interest in this company, or is he more interested in blowing on rockets? Is he more interested in keeping [X]? “He said.
Before Finding the time and interest of his EV, Musk must correct securities in charge of Director Dan IES first called a “The Brand Tornado Crisis is Important. “Tesla’s tlasra is not known from musk, and musk involvement in our politics can turn away many potential consumers.
This story originally shown Fortune.com
