Tesla investors call for 'distracted' Elon Musk to be reined in as they worry he's 'overcommitted'
A group of Tesla investors is calling for Elon Musk to be reined in, saying the CEO has been distracted by commitments to his other companies like Twitter.
They want a CEO that"dedicates adequate time and attention to the company" and"overhaul the composition of the Board, including rolling off directors with close ties to the CEO." Amalgamated Bank, Investor Advocates for Social Justice, and Sisters of the Good Shepherd are among the investors who signed the open letter Friday and who want the board to get some more control over Musk. Amalgamated Bank and Sisters of the Good Shepherd did not immediately respond to Insider's request for additional comment ahead of publication.
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