Major Tesla shareholders are demanding CEO Elon Musk commit at least 40 hours per week to the electric vehicle maker amid what they describe as a company “crisis.” The investors, who control 7.9 million shares, sent an urgent letter to board chair Robyn Denholm outlining specific demands to address Tesla’s declining performance. The shareholder coalition, including pension funds, the American Federation of Teachers, and state treasurers from New York, Oregon, and Illinois, blame Tesla’s troubles on Musk’s divided attention between the company and his other ventures. Their concerns come as Tesla’s stock has fallen 12% this year while the Nasdaq … Continue reading Tesla Shareholders Demand Musk’s 40-Hour Focus as European Sales Fall Nearly 50% and Brand Rank Plunges to 95