Investors are pressing Tesla's board chair for guarantees that CEO Elon Musk will focus at least 40 hours weekly on managing Tesla, amidst concerns over declining profits and sales. Reports indicate that Musk's attention has shifted towards political activities rather than Tesla's core business, causing unrest among a subset of shareholders. Despite hopes that the revamped Model Y would improve performance, the situation has escalated, prompting the SOC Investment Group to formally request Musk's prioritization of the company in light of increasing challenges like demand issues and the potential repeal of EV tax credits.
Tesla shareholders are demanding that CEO Elon Musk spend at least 40 hours a week focused on the company, citing waning profits and sales.
The dissatisfaction among investors has grown as Musk's public engagements have drifted from Tesla's core business to political issues and social media projects.
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