Tesla, Musk and SpaceX
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As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, SpaceX, xAI and X.
As Elon Musk prepares to leave the U.S. government, Tesla investors are pleading with the EV maker to make sure the CEO refocuses on the company and to disclose how the board would replace him in an emergency or if he loses interest.
On May 24, X experienced a major global outage, with Musk acknowledging “major operational improvements” were urgently needed and that failover systems “should have worked, but did not.” Musk publicly declared on X “Back to spending 24/7 at work and sleeping in conference/server/factory rooms.
Social media platform X was hit by a two-hour outage Saturday, prompting owner Elon Musk to say he needs to spend more time focusing on his companies. His
Tesla investors demand Elon Musk commit full-time amid falling profits, weak sales, and growing leadership concerns.
In a letter, some skeptical backers of the EV company have also asked its board to add a “new, truly independent” member and lay out a succession plan.
A group of Tesla investors is urging Elon Musk to commit at least 40 hours a week to running the electric vehicle company, arguing his undivided attention is needed to repair Tesla’s faltering sales and stock price volatility.
Elon Musk lobbies for federal support on autonomous vehicles, while preparing to launch Tesla's Robotaxi service in Austin on June 12.
U.S. President Donald Trump said on Friday that billionaire Elon Musk will remain a close adviser, after the Tesla CEO ended a chaotic four-month stint leading the administration's sweeping cost-cutting campaign.