Two of Tesla’s top backers, Dan Ives and Ross Gerber, are calling for Elon Musk to either step away from his role in the Trump administration or resign as Tesla’s CEO.
Tesla's stock has been plunging for eight consecutive weeks, investor confidence is shaken, and the brand is facing protests and vandalism at its dealerships.
President Trump has rallied behind Musk, but backlash intensifies as ethical conflicts arise regarding Trump's endorsement of Tesla.
Investors are growing impatient and JP Morgan has downgraded Tesla's stock forecast, with some calling for a new CEO to run the company.