Major investors have recently called for Elon Musk to step down as Tesla's chief executive officer, arguing that fresh leadership is essential as the company attempts to overcome its numerous current challenges.

Wedbush’s Dan Ives says CEO Elon Musk faces a “moment of truth,” and there two major things he has to do to fix the “crisis’ at the EV giant.

The issue is not exclusive to Colorado either. WIRED reports that in February 2025, Tesla sales were down by nearly 6% from the same month last year (moving 43,650 cars compared to 46,262). Overall, of these, Cybertruck sales dropped 32.5%, while Model 3 fell by 17.5% in the U.S.