Sell your shares. Buy a better company, one with less corruption.
A couple of years ago it was a meme to ask why Tesla got poor ESG scores compared with random fossil fuel producers.
Part of the answer was the Governance of Tesla being really bad.
Another part was Musk just refusing to file the paperwork to get a decent score. Which he wouldn't get away with if the governance was better.
I’m struggling to picture a court of law that could hold Musk accountable right now.
^1 https://markets.businessinsider.com/news/stocks/tesla-stock-...
Musk is a de facto head of state (alongside Trump). All but the most independent courts would be under massive political pressure to yield to him. (At least so long as he’s in Trump’s good graces.)
Political promises mean less and less. But mistaking promises for pressure is deadly.
Tariffs can rise arbitrarily, though beyond a certain point it's meaningless as all the trade is smuggled, nobody bothers any more with doing it legitimately.
The Trump administration is currently making threatening noises about annexing land from the EU (and by extension a NATO ally). But it is currently noise, not action, so yes, they may escalate in that way also… or at least they may try to: I have no idea how anyone's military may react to this because the idea of such an act was unthinkable outside of weird dystopian fiction until about January this year.
If shareholders are serious about dumping Musk they can put in board members to sack him and get a new CEO. If they just want a lot of performative legal actions, yea sure file a lawsuit.
Claiming that an executive breached his fiduciary duty requires clearing a pretty high bar, far higher than "his actions hurt the company". Practically speaking the best recourse tesla shareholders have is to either sell their shares, or launch a proxy fight.
gives you an idea - 27% chance being removed before 2027
Definitely not at the point when they have a car model that is leading in top 5 most purchased new vehicles (not just EVs, we are talking overall) in multiple large markets like EU or US. Which was the case for 2024.
2) if one desired to keep their investments in the company they disagree with performance/ethics wise, there is a board that dictates investor funds, trends. They are elected.
In the event of some perceived strife, or new initiative, a board is petitioned by shareholder groups to a point that if there is enough sway, can force a decision on the company.
I do not agree this is ideal^ as dark forces in the market have far more of an effect on it than the actual investments.