Tesla’s technical weakness is compounded by deteriorating fundamentals, with global demand continuing to slide. In May, sales in China fell 15% year-over-year and German sales plunged 36%, contributing to an estimated 9% drop in Q2 deliveries to 404,850 units.

A group of pension fund investors wants Musk to commit to 40-hour workweeks along with a request for other changes at Tesla.

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