Tesla’s fourth-quarter earnings report comes amidst questions from shareholders regarding Elon Musk’s involvement in politics. Musk, who has been a high-profile advisor to President Donald Trump, has faced inquiries about the time he devotes to Tesla versus his political engagements. Musk has contributed to Republican candidates, supported far-right candidates, and spent time on the campaign trail promoting Trump’s reelection. Additionally, he has involved himself in German politics, endorsing the far-right AfD party.
The value of Tesla’s brand fell by 26% last year, partially due to Musk’s behavior and the company’s aging lineup of electric vehicles. Musk has faced criticism for using a gesture that was interpreted as a Nazi salute, with historians and politicians condemning his actions. Musk dismissed the accusations, engaging in Nazi-themed wordplay and appearing at a rally for the AfD in Germany.
Shareholders have raised concerns about potential sales lost due to Musk’s political activities, as well as how Tesla plans to address the negative impacts of his public views. However, Tesla is not obligated to discuss these topics during the earnings call. Similar concerns were raised ahead of previous earnings calls, but Trump was never mentioned during those discussions.
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