Among other moves to shore up investor trust, Tesla appointed former Chipotle CFO Jack Hartung to its board of directors, effective June 1.

Tesla shareholders are urging CEO Elon Musk to concentrate on the company following declining sales and stock prices. In a letter to the board, investors holding 7.9 million shares requested that Musk commit at least 40 hours per week.

Escalating investor concern now surrounds Elon Musk's scattered focus, particularly as Tesla's sales slump, its stock underperforms, and its reputation falters.

Tesla investors sent a letter to the company's board chair demanding Elon Musk returns to work as tech billionaire steps away from Washington.

Tesla shares slid Friday, but posted gains for the week and second straight month as CEO Elon Musk steps back from his role leading the cost-cutting Department of Government Efficiency.

Investors cited declining sales, reputational damage and Musk’s growing list of outside ventures — including a now-concluded stint at DOGE.