Elon Musk has called the Wall Street Journal report a "deliberately false article" and an "extremely bad breach of ethics."

The overseers of funds and investments for California, Illinois and half a dozen other states cite Tesla’s sagging stock, disappointing first-quarter deliveries and surge of trade-ins by vehicle

Tesla, the company that revolutionized the electric vehicle industry, is facing internal turmoil. A group of current and former employeeshas officially called for the resignation of CEO Elon Musk, citing his controversial leadership as a key factor in the company’s declining performance.