Tesla shareholders urge board to rein in Elon Musk as stock sinks over new party launch

In a significant development, investors at the electric vehicle manufacturer Tesla Inc. called CEO Elon Musk, who led the company to sink the shares of the company after the launch of a new political party.

“The Board can not sit here and watch it and put railing,” he said. Washington Post.

Orum I hear that disappointment from many shareholders has hit a overthrow point, Ives Ives added.

James Fishback, another Tesla shareholder of the Trump -backed CEO of Azoria investment company, will withdraw from a new fund that focuses on the home manufacturer during the weekend.

Fishback wrote to Tesla Chairman Robyn Denholm, “I encourage Mr. Musk to clarify his political ambitions and ask him to consider whether they are compatible with Tesla with full -time obligations,” he said.

“This creates a conflict with Tesla’s CEO with full -time responsibilities,” he added. “It takes its focus and energy away from Tesla’s employees and shareholders.”

On Monday, Tesla shares reduced 7%.

Accordingly APPLICATIONS In the report, the shareholders of the home company decreased by 14% since the beginning of Musk’s case with Trump at the beginning of June.

Elon Musk’s new political party

At the weekend, Musk announced the launch of a new political party that attracted the attention of MAGA critics.

US President Donald Trump exploded Musk’s offer to launch a new political party, intensified a fight between former allies, and deepened investors’ concerns about the impact of Tesla and other companies on other companies.

“Third parties have never worked at all, so I can have fun, but I think it’s ridiculous,” he said to journalists on Sunday.

The United States, “always a two -party system,” he added.

On Saturday, Musk said that a new “American Party ğı was established the day after Trump signed a tax deduction and designed the law condemned by Tesla CEO.