A group of 27 major Tesla shareholders urged the electric automaker's board on Wednesday to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns.

Tesla’s board of directors faces a looming deadline to schedule its annual shareholder meeting. On Wednesday, a group of 27 shareholders called on Tesla’s board of directors to get the yearly meeting on the books, saying that if that didn’t happen by July 13, the company would be out of compliance.

One analyst called on Tesla's board of directors to act and set "ground rules" for Musk's political involvements.