A group of Tesla shareholders said they feared Elon Musk's car maker was being impacted by "long-term damage."

Musk told an economic gathering that he wants to own more shares of the company in order to hold greater sway in key decisions.

Elon Musk has confirmed his intention to continue leading Tesla for at least the next five years. Speculation had been building around whether Musk's focus on the electric vehicle brand had been impacted by his affiliation with President Donald Trump and his role working to improve efficiencies.