Tesla investors demand Musk work 40-hour week at EV maker as crisis builds
Summary
The investors want the Tesla board to require Musk to work a minimum of 40 hours per week at the automaker as a condition of any new compensation plan they may arrange for him. They also want a clear succession plan for management of the EV business, and a policy that would apply to all Tesla directors limiting their outside board commitments at public and private companies. In addition to pouring nearly $300 million into an effort to get Donald Trump back into the White House, Musk formally endorsed Germanys far-right AfD party ahead of the countrys parliamentary election this year. Tesla once ranked eighth among the most popular American brands in the Axios Harris Poll of public perceptions of the 100 most visible U.S. companies. Those who signed the letter included the pro-labor SOC Investment Group, American Federation of Teachers, New York City Comptroller Brad Lander and Oregon State Treasurer Elizabeth Steiner.