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State officials and pension-affiliated stakeholders remain concerned about Tesla, even with Musk's pledge to step back from DOGE
- Elon Musk announced he will reduce his involvement in the White House to focus more on Tesla by May.
- Concerns persist among Tesla investors and stakeholders regarding Musk's distractions from government work.
- Some state treasurers and stakeholders doubt that Musk's reduced White House role will suffice.
- Musk emphasized that his White House role will become secondary as he dedicates more time to Tesla.
- State treasurers, including Michael Frerichs of Illinois, criticized Musk for damaging Tesla's brand value.
- Frerichs and six other state treasurers expressed concerns in a letter to Tesla's board chair about Musk's focus.
- Institutional shareholders previously urged Musk to prioritize Tesla's growth over external commitments.
- Various state treasurers like Brad Lander of New York City and Dave Young of Colorado highlighted their concerns over Musk's leadership.
- Pension funds and institutional shareholders question Musk's handling of Tesla given recent underperformance.
- Critical voices, including that of Joakim Embu from KLP, suggest Musk may have jeopardized Tesla's interests for personal gains.
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