Despite problems, Tesla (TSLA) shareholders demonstrate overwhelming support for Elon Musk.

Despite the current controversies surrounding Tesla (TSLA), shareholders are overwhelmingly supporting Elon Musk in a reelection vote.
Since Musk acquired Twitter, many Tesla stockholders have been dissatisfied with him. There were numerous reasons behind this.

Leaving aside all of the political and ideological nonsense he stated on Twitter, it was that he sold tens of billions of dollars in Tesla shares to buy the social media platform, contributing to a huge drop in the stock price.

There was also the fact that he hired Tesla engineers to work on Twitter, despite the fact that Musk was said to be spending less time at Tesla.

Some Tesla shareholders urged the board to rein him in, with some even requesting that he step down as CEO.

While only the board has the authority to terminate the CEO, shareholders ultimately elect who sits on the board and have the opportunity to express their concerns.

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Musk's reelection to the board received only 86 million votes. He received the most votes of the three board members that were chosen.

Denholm, the board chairwoman, was the most heavily criticised, with over half a billion shares voting against her.

Unsurprisingly, JB Straubel is receiving a lot of support for his first election to the board.