Tesla’s Troubles Mount as Shareholders Challenge Elon Musk
Tesla investors are calling on CEO Elon Musk to demonstrate his commitment to the company, mirroring his own controversial approach to federal employees through the Department of Government Efficiency. They are turning the tables on CEO Elon Musk. They want him to answer the same questions he recently asked US government workers.
Shareholders Demand Accountability
The conflict began with Musk’s email to government employees. He asked workers to list five weekly accomplishments or risk losing their jobs. Now, Tesla investors are asking Musk to do the same.
Stock Performance Sparks Criticism
In a pointed message on X (formerly Twitter) on February 26, a Tesla investor shared a graph depicting the company’s recent stock performance decline with the caption: “Please share 5 things you did for $TSLA shareholders this week. Or are you working remotely? Asking for all of us.”
Tesla’s stock has fallen for six straight trading days. On Thursday, shares dropped 1.4%, underperforming the tech market. Frustrated shareholders are speaking out.
The shareholder’s request deliberately echoes an email Musk sent to federal employees through DOGE, which demanded civil servants list five accomplishments from their work week. That directive, which stated that “failure to respond will be taken as a resignation,” was later walked back after cabinet secretaries instructed employees not to reply.
Photographer and Tesla Investor Speaks Up
Jerry Avenaim, a Tesla shareholder, posted on X (Twitter). He challenged Musk: “Share five things you did for shareholders this week. Are you working?”
The Original Email Controversy
Musk’s original email to federal workers caused a major stir. He demanded they prove their productivity or be considered resigned. Government officials pushed back, telling employees they didn’t need to comply.
Musk eventually softened his stance. He claimed he just wanted to see basic work productivity.
Defending his approach on X, Musk claimed the email was simply to identify who “had a pulse and two working neurons,” adding that “the passing grade is literally just ‘Can you send an email with words that make any sense at all?’. It’s a low bar.”
The billionaire’s role with DOGE has created confusion, particularly after President Trump referred to him as the department’s head during his Congressional address on March 4. “I have created the brand-new Department of Government Efficiency: DOGE… headed by Elon Musk, who is in the gallery tonight,” Trump stated, while Musk responded with a salute from the viewing gallery.
This characterization contradicts the administration’s legal position that Musk serves only as a senior advisor without decision-making authority, not as an employee of the organization.
President Trump praised Musk during the address for his efforts to reduce federal spending, claiming DOGE had identified $1 trillion in potential budget cuts.
For the Congressional appearance, Musk notably adopted formal attire, replacing his usual t-shirt and “dark MAGA” cap with a button-up shirt and tie
Frequently Asked Questions:
Q: Why are investors challenging Musk?
A: Shareholders want accountability after Tesla’s falling stock prices and Musk’s strict productivity demands.
Q: What was controversial about Musk’s original email?
A: He told federal workers to list five weekly achievements or face resignation.
Key Takeaways:
- – Tesla shareholders are demanding Musk’s accountability
- – Stock performance has been poor
- – Musk’s productivity tactics have created tension
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