Pension fund leaders with Tesla investments are urging the company's board to mandate Elon Musk dedicate at least 40 hours per week to the electric vehicle maker.
Investors expressed concerns over Tesla's stock price volatility, declining sales, human rights practices, and Musk's external activities impacting the company.
They called for a 40-hour workweek requirement for Musk, a clear succession plan, and limits on directors' external board commitments to strengthen governance.
The demands from investors highlight tensions between Musk's expansive vision for Tesla and shareholder expectations amid stock volatility and reputational challenges.