Hey Elon, Share Five Actions You Took Last Week to Prevent Tesla's Stock Decline | Carscoops

      Shareholders are expressing their discontent with Musk, feeling that he has largely neglected their worries.

      19 hours ago

      By Stephen Rivers

      Investors are voicing their criticism of Elon Musk in light of Tesla's 23% drop in stock value this year.

      The CEO of the automaker is facing backlash for what many perceive as his distraction with projects unrelated to Tesla.

      Online reactions reflect Musk’s own email request to federal employees regarding DOGE.

      “Please share 5 things you did for $TSLA shareholders this week.” This line sets the tone for a pointed message directed at Tesla’s CEO and it’s not even the most severe criticism. With Tesla’s stock down approximately 23 percent this year, shareholder frustration is understandable, and their discontent seems to be extending to a broader audience.

      It is not surprising that shareholders are upset by such a significant drop in valuation. Their online comments indicate they are seeking to challenge Musk directly. Recently, as the head of the newly established Department of Government Efficiency (Doge), he emailed federal workers asking them to list five accomplishments. Now, shareholders have turned that same inquiry back at him.

      The Five-Thing Challenge

      On X (formerly Twitter), numerous users responded directly to Musk with messages like: “Hi @elonmusk can you please tell us 5 things you did last week? 🤔” One user even included a screenshot showing Tesla’s stock down $27.57 or 8.34% for that particular day. This sentiment has been echoed by others using similar phrasing and media.

      Another message read: “Please share 5 things you did for $TSLA shareholders this week. Or are you working remotely? Asking for all of us.” This was accompanied by a graph showing Tesla's stock price decline since the start of the year, which has fallen $84.06 per share or 21.55 percent. The mention of remote work serves as a sharp critique of Musk.

      Morality and Remote Work

      The Tesla CEO has openly criticized remote work on several occasions, going so far as to declare it morally wrong. His stance argues that since some individuals lack the opportunity to work remotely, others should not take advantage of it either. Despite this, it seems he has been dedicating more time to the Department of Government Efficiency than to Tesla or SpaceX recently.

      Whichever direction Musk is taking, it seems to be impacting more than just shareholders. The Independent reports that Tesla employees are also concerned about the potential long-term effects on the brand.

      Wedbush analyst Dan Ives suggests that the pressure may soon become overwhelming. “Investors have patience, but this is starting to tip the scale and it's weighing on shares along with brand issues related to Musk/Tesla,” he told Barron’s. “Perception becomes reality on Wall Street.”

      Several celebrities are also voicing their concerns regarding Musk’s apparent lack of focus on Tesla. Media personality David Portnoy, for instance, queried on Twitter, “How far does TSLA stock have to crash before Elon goes back to work?” He is not the only one questioning whether Musk should concentrate on Tesla’s issues instead of his other interests.

      With shareholders and analysts openly criticizing his attention to priorities, Musk may need more than clever tweets and philosophical discussions to remedy the situation. At this point, he might be relying on a significant announcement regarding advanced Level 5 self-driving technology to regain credibility later this year.