Pension funds and union leaders are pressuring Tesla’s board to address concerns about Elon Musk’s leadership. A survey found that 51% of respondents would view Tesla more favorably with a different CEO. Musk’s involvement in political activities and his management of multiple companies have raised governance issues. Some of Tesla’s largest shareholders, including the American Federation of Teachers, are urging fiduciary officers overseeing major pension funds to review their Tesla holdings. They argue that if Musk remains as CEO, he should focus solely on Tesla rather than engaging in extracurricular activities.
— new from Forbes
