US state finance officials have sent a letter to Tesla's board, questioning Musk's lack of attention to company affairs

Finance officials from eight US states sent a joint letter to Tesla's board questioning the company's current direction and Mr. Musk's focus on the challenges facing the company. Officials in California, Illinois and six other states that oversee funds and investments cited concerns about Tesla's falling share price, weaker-than-expected Quarter 1 deliveries and a surge in the number of owners swapping Teslas for other brands. "At the same time, CEO Elon Musk continues to spread his energies across multiple companies and his high-profile role as an adviser to the federal government," the finance officials wrote. "These external matters raise serious doubts about whether Tesla's leadership is truly committed to addressing the company's core issues." The letter, written in collaboration with Americans for Responsible Growth, an advocacy group, adds to the pressure on Tesla and Mr. Musk.