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Tesla Board Faces Pressure Amid Musk's Controversies

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Tesla Board Faces Pressure Amid Musk's Controversies

Tesla's board faces pressure from shareholders, including large pension funds and state treasurers, to address Elon Musk's controversial behavior and its negative impact on the company's reputation and stock. A recent survey shows a majority of potential EV buyers would prefer a different CEO. Concerns center on Musk's political activities and erratic behavior, leading to calls for improved governance or his removal. While Tesla's stock has recently rebounded, some believe the damage to the brand may be irreversible.

Prepared by Christopher Adams and reviewed by editorial team.

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