Tesla contributors to Elon Musk contribute to the company, and the CEO is required to work at least 40 hours a week

• While Elon Musk is preparing to leave the US governmentTesla investors are pleaded with the EV maker to ensure that the CEO is re -focusing on the company and revealing how the council replaces it in the event of an emergency or if it is lost. In a letter sent to the Chairman of the Board of Directors of Tesla Robyn Denholm on Wednesday, the shareholders demanded MUSK to do at least 40 hours a week in the company.

Elon Musk’s departure from the Ministry of Governmental efficiency did only to put out the grievances of the Tesla investors regarding the absence of the CEO of the EV maker.

Musk said on Wednesday that he would leave the government after the end of his “specific time” as a private government employee. This step comes amid renewable calls from Tesla investors in order to re -focus on his role as CEO and a company to give investors more information on how to replace musk in the end when he moves from Tesla.

“Doge is just one of many external obligations that MUSK was a kind of prioritization on Tesla, Tejal Patel, CEO of the Society Group Group, luck. “Just because he leaves Dog does not mean that he focuses on Tesla.”

The SOC Investment Group, part of the Syndicate Alliance, the Strategic Regulatory Center, has worked with a group of pension funds to send a letter To the Chairman of the Board of Directors of Tesla Robyn Denholm on Wednesday, calling on the board of directors to address the continuous “crisis” in the company. The 12 sign of the message are long -term investors who own or oversee investments of about 7.9 million from Tesla share of 3.2 billion shares.

The letter said: “It seems that Mr. Musk’s foreign efforts have transferred his time and interest in the Tesla Operations Department actively, as it is expected that any other CEO of Tadawul publicly will do.” “For many years, the amount of time MUSK was restricted by Time CEO of TESLA because of his multiple companies owned by the private sector and other external efforts.”

Since Musk joined the administration of President Donald Trump, Tesla has decreased by more than 14 % with a decrease in vehicle records due to increased Chinese competition and consumer opinion tension in the company on Musk. His controversial group has raised the American bureaucracy and costs 260,000 federal workers, Reuters calculated.

Illinois State Secretary Michael Fritsz, one of the owners of the letter, told luck Musk has reached more political hot water after criticizing the Trump spending bill.

“It is impressive that he has angered about half of the United States by resting to Trump, and now he chooses a battle with Trump because of his ugly bill, and the other half of the country is likely to be angry,” Ferrich said.

Investor demands

Tesla investors demanded the Board of Directors for time because it holds MUSK compensation, such as his demand to work in his role in EV for at least 40 hours a week. Tesla Council assembled a special committee to explore a new compensation deal for musk, the Financial times I mentioned Earlier this month. The CEO was involved in a legal battle that lasted for years in order to obtain a standard for $ 56 billion payment package by the judge.

The signatories also called for a clear succession plan in the company, including identifying the “emergency” caliphs to intervene in Musk if the company needs this. The shareholders also asked the Tesla Council to set strict restrictions on the participation of managers and executives in other companies and councils.

“We just want to make sure that individuals are able to devote enough time to supervise, and in the case of executives, to manage the company appropriately,” Patel said.

The shareholders urged Tesla to appoint at least one “independent” manager from the company, according to the message. Earlier this month, Jack Hartong, chief chief chief chief of Chipotle strategy, joined Tesla Council, but the disclosures indicated that his son -in -law was a current employee in Tesla.

Patel said: “It is somewhat surprising for us that the Board of Directors nominate another director who is not independent in accordance with the criteria for best practices, especially given the fact that the board of directors has been martyred in many cases because of the lack of independence and deep relations with the CEO,” Patel said.

The Tesla Council also includes Era Erenbress, Chairman of the Tesla Compensation Committee and Siddiq Musk for a long time, as well as the brother of Musk Kimbal Musk, who has sat on the company’s board of directors since 2004.

She did not respond to Tesla luckRequest to comment.

What after Duj?

MUSK is preparing to stay away from his role in Doge, investors insist that the CEO has a long way to correct the EV maker’s path.

“On its essence, it’s a good first step,” said Ferrich. “But the question is, is it just the liberalization of time, or is he learning lessons from his time? Everyone makes mistakes. The question for me is, are you learning from them?”

Musk again confirmed his desire to lead Tesla earlier this month at the Economic Forum in Qatar in Doha, saying in a video call that he had planned to be the company’s CEO for another five years. All the time, Musk is still participating in driving Spacex, X and Xai. Ferrich said investors will need to see Musk investing time in Tesla during the next six months for a year.

“Does he still have an interest in this company, or is he more interested in detonating missiles? Is he more interested in continuing to interfer? [X]? ” He said.

Besides finding time and attention in the EV maker, Musk will have to correct what DAN IVES, Managing Director of Wedbush Securities Dan IVES, “The moment of the Tornado brand crisis.” The Tesla brand cannot be determined by Musk, so the participation of Musk in American policy can alienate large areas of potential consumers.

This story was originally shown on Fortune.com