Treasurers from eight US states have expressed significant concerns regarding Tesla's future direction, particularly highlighting CEO Elon Musk's divided focus across multiple ventures. They cited Tesla's struggling stock prices, disappointing first-quarter vehicle deliveries, and increased trade-ins as major warning signs. The treasurers emphasized that these issues could have broader economic implications, fearing that continued company failings may shake confidence in the transition towards sustainable energy. Their statement, prepared with the advocacy group Americans for Responsible Growth, is a call to maintain engagement from Musk amidst his varied commitments, especially in the wake of unfavorable market responses.
The treasurers of eight US states have voiced concerns over Tesla's declining stock and CEO Elon Musk's divided attention impacting the company's performance.
In a collaborative letter, treasurers warned that Tesla's struggles could undermine regional economies and public confidence in energy transitions.
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