Tesla Faces New Risks as Protests Against Musk Escalate Globally

Tesla Faces New Risks as Protests Against Musk Escalate Globally
Tesla has officially acknowledged the rising global protests against CEO Elon Musk as a risk factor in its recent SEC filing. These protests, fueled by Musk's political involvement, could harm Tesla's brand and sales, as indicated by language changes in the risk assessment. The company’s lawyers expressed concerns that negative perceptions from these protests may complicate fundraising efforts. While Musk claims the protests are orchestrated, financial results show a significant drop in automotive revenue, hinting at the protests' damaging effects. Tesla Takedown, a protest organizer, views this acknowledgment as validation of their movement's impact.