Tesla's Political Divide: Shareholder Proposal Blocked
Tesla dodges a shareholder vote on political neutrality after the SEC sided with the board, allowing them to exclude a proposal that would have banned executives from making political statements. Investor Jay Butera, a vocal climate advocate, argued the move would protect Tesla's brand and mission, but the board called it micromanagement, claiming they can't legally enforce such a rule. Despite the SEC's decision, concerns linger about CEO Elon Musk's political activity and its potential impact on Tesla's business. Hosted on Acast. See acast.com/privacy for more information.