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 w…
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.
“We each initially added Tesla to our portfolios because we saw Tesla as a true leader in producing products and services essential for our transition to a sustainable and green economy,” the letter said. “Over time, however, we have grown increasingly concerned with governance and leadership issues at the company.”
By comparison, Musk owns or has options to purchase about $118 billion worth of Tesla shares, representing 20% of the stock. Musk has a net worth of $175 billion, according toThe 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.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk announces Tesla Cybertruck delivery event in third quarter of 2023Tesla will hold a delivery event for the Cybertruck in the third quarter of 2023, Elon Musk said in an earnings call. The polarizing electric truck is expected to start production in summer 2023.
Leer más »
With Tesla stock and margins under pressure, Elon Musk falls back on his favorite fantasyTesla CEO Elon Musk relied on his favorite fantasy --- full autonomy is almost here! --- to combat legitimate margin concerns, and shares fell even more.
Leer más »
U.S. stock futures drop after Elon Musk suggests Tesla may sacrifice marginsSentiment was hit by a sharp slide in Tesla stock after Elon Musk suggested he was prepared to boost market share at the expense of profit margins.
Leer más »
Tesla Cybertruck Handover Event Expected In Q3 2023: Elon MuskElon Musk also said Cybertruck reservation holders are likely to get an update on the truck's specifications and pricing at the delivery event.
Leer más »
Tesla's long-awaited Cybertruck to start deliveries in Q3 2023, confirms Elon MuskThe wait for the Cybertruck is almost over, and Tesla enthusiasts can look forward to the start of deliveries in Q3 of 2023.
Leer más »
Tesla loses $50 billion in value as stock tumbles 8% due to Elon Musk price cutsThe stock was trading at $167, with at least 15 analysts lowering their price targets on Tesla. The firm was set to lose $50 billion in market value.
Leer más »