A group of Tesla shareholders sent a letter to the Board demanding answers about Elon Musk’s path forward.
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Elon Musk is officially stepping down from his role in the Department of Government Efficiency.
As a special government employee, Musk can only work in his role for 130 days in one calendar year, and that mark will be hit at the end of May.
The Tesla CEO thanked President Trump on X, which he also owns, and wrote in his post that “The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”
But as Musk’s time in government comes to a close, Tesla shareholders remain concerned about his work at the company. In a letter obtained by CNN, a group of shareholders have urged Musk to work at least 40 hours a week at Tesla,
In the letter, the concerned group said, “Mr. Musk’s outside endeavors appear to have diverted his time and attention from actively managing Tesla’s operations, as any other chief executive officer of a publicly traded company would be expected to do,”
The letter also urged Tesla’s board to implement a clear cut CEO succession plan. Tesla did not respond to a request for comment.
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