By Chris Isidore | CNNA group of progressive Tesla shareholders want the company’s board of directors to make CEO Elon Musk concentrate more on one of his many jobs, that of running the EV automaker. In addition to his role at Tesla, Musk also leads Twitter, SpaceX, the Boring Company, and Neuralink, among others. The letter says that the investors signing the letter own $1.5 billion worth of Tesla shares, which represents well less than 1% of Tesla shares. By comparison, Musk owns or has options to purchase about $118 billion worth of Tesla shares, representing 20% of the stock. “Tesla needs a board that will ensure that the CEO is focused on addressing its challenges,” said the letter.

Source: CNN April 22, 2023 04:44 UTC