Crisis at Tesla Shareholders complain about James Murdoch and Elon and Kimbal Musk

Tesla shareholders have declared war on Elon Musk. One group wants to vote against the re-election of James Murdoch and Kimbal Musk to the board of directors because they are under the influence of Elon Musk.

A new crisis has emerged in the management of Elon Musk's company Tesla. While a group of shareholders stated that Elon Musk was harming the company, they also turned against those close to the famous technology leader.

The group wants to vote against the re-election of Kimbal Musk and James Murdoch to the board of directors and to reject the offer of a large salary package to Tesla CEO Elon Musk.

The SEC filing raises concerns that Murdoch, who vacationed with Kimbal and Elon Musk's family because he is Musk's younger brother, is unable to effectively supervise the CEO. In fact, shareholders believe there is ample evidence that Tesla's entire board is too beholden to CEO Musk.


THEY USE DRUGS TOGETHER

The shareholder letter also cites a report on Musk's drug use. According to the report published in February, board members, including Kimbal, were using drugs with Musk.

The shareholder group, which includes New York City Comptroller Brad Lander, SOC Investment Group, Amalgamated Bank and several other investors, also did not approve a plan to give Musk a $56 billion pay package.

Musk's pay package, approved by the board of directors in 2018, was canceled by a judge in January. The judge stated that the salary package was unfairly shaped because Musk had close ties to the board.

Now the Tesla board is looking for shareholders to approve Musk's salary, but this group is opposed. The group says Musk's controversial X posts have also affected the company's profitability. They also point to a class action lawsuit filed by 6,000 black employees due to racism issues in Tesla factories and workplace safety issues in factories.

Shareholders will vote on Musk's salary package on June 13.