I'm pretty sure the actual complaint would be more specific: - Is Elon doing what he is paid to do? - Is it OK to take Tesla resources and use them for an Elo

I'm pretty sure the actual complaint would be more specific: - Is Elon doing what he is paid to do? - Is it OK to take Tesla resources and use them for an Elon-owned project? - Do his actions or statements negatively affect the value of $TSLA? re "Or do stock holders feel that he is obligated only to improve the value of their stock?" Read your employment agreement. There should be a non-disparagement clause in it. If you are high up enough, you might even have a morals clause. These exist because you don't want an employee, even the CEO, to trash the value of an asset by their words or actions. Another reason for a SH suit is that the board is Elon's lapdog. Boards exist, in part, to prevent a rogue CEO from trashing a company's reputation. I can't imagine any other car maker or tech company would tolerate this performance in a CEO.