State Treasurers Express Concerns Over Tesla Leadership Amid Musk's Focus Issues

Concerns about Elon Musk's divided attention and management style at Tesla have intensified among key stakeholders, including seven U.S. state treasurers and the California State Controller, who recently sent a letter urging Tesla's board to ensure Musk is more focused on the company. These officials cite Tesla's declining stock, missed delivery targets, and growing competition, warning that the company's setbacks could impact regional economies and the broader energy transition. Investor unease is also reflected in Tesla's latest SEC filing, which for the first time lists global protests against Musk as a major risk factor that could harm sales and fundraising. Criticism from former Tesla diversity heads and institutional shareholders highlights further concerns about Musk's leadership, describing the work environment as chaotic and fear-driven. Collectively, these viewpoints suggest that Tesla's leadership and governance are under scrutiny, with potential consequences for the company's stability and industry influence.