Will Elon Musk start filling out a time sheet? The world’s richest man is under pressure to act more like a regular chief executive at his electric-car maker, Tesla. He is even making some gestures in that direction. Expectations of a normal CEO schedule should be modest at best.
Musk on Wednesday called time on his role at the so-called Department of Government Efficiency. He has plenty of other things to occupy his days and nights. There is the social network X and its new AI division, xAI. Add to that rocket maker SpaceX and brain-mapping company Neuralink.
With such a packed diary, some Tesla investors wonder where they fit in. On Wednesday, shareholders including New York City pension funds sent a letter to the Tesla board demanding, among other changes, that Musk commit to at least 40 hours a week at the carmaker. They collectively only own about 0.2 per cent of Tesla stock, but their agitation could bring others on side.