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The thing is, those investors are in a Catch-22 situation.
Tesla's valuation is absolutely absurd. Even after all the value the stock has lost, it still has a P/E ratio of more than 100. Standard, boring, normal car companies that are well run have a P/E ratio of 7.
These investors have convinced themselves that Tesla deserves to be thought of completely differently than other car companies because they have a genius in charge.
If they ditch Elon, they have to admit that they're just a normal car company, and the right price for their shares is $14 each or so, not the $270 it is now. But, if they keep Elon, they have to convince themselves that somehow their sales are going to turn around and their genius who happens to be a Nazi will somehow convince all the people who hate Nazis to buy cars from him.
If they were smart they would sell before they're left holding the bag