The electric vehicle maker Tesla is reportedly facing a unique situation in June, as a growing group of shareholders have expressed discontent with CEO Elon Musk. Despite Musk’s unconventional approach as a CEO and his involvement with other companies like SpaceX, Neuralink, and The Boring Company, the Tesla community had previously seemed to accept this setup.
However, Musk’s increasing polarization on social and political issues has led to disillusionment among some community members. Some have expressed a desire for Musk to prioritize spending more time with Tesla, suggesting that his recent posts on social media have indicated a lack of focus on the company.
There is a growing sentiment among shareholders that Musk has become a liability for Tesla, leading some to advocate for his replacement with a more focused CEO. Despite the current sentiments, it is worth noting that TSLA shares are still up over 800%, even after accounting for stock splits.
Some argue that voting against the ratification of Musk’s 2018 compensation plan could lead to a more predictable future for Tesla as a carmaker, but it is acknowledged that Tesla has achieved significant accomplishments that cannot be overlooked. The decision on whether to support Musk’s leadership or opt for a more conservative approach will ultimately shape Tesla’s future.
The community’s sentiments and shareholder opinions reflect a growing concern about the direction of Tesla under Musk’s leadership, as well as the ongoing debate about the company’s future and the impact of its CEO’s involvement in other ventures. This raises important questions about the best path forward for Tesla and the potential implications of different leadership approaches.