Tesla Paying $20,000 To Stay On Elon Musk's X Platform Raises Eyebrows
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) has been spending approximately $20,000 annually on multiple accounts on Elon Musk's social media platform X, formerly known as Twitter. This expenditure is raising questions about potential conflicts of interest as Tesla's CEO, Elon Musk, now owns the platform.
August 23, 2023 | 2:42 am
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Tesla's expenditure on Elon Musk's social media platform X could raise potential conflict of interest concerns, which may negatively impact investor sentiment.
Tesla's decision to spend money on a platform owned by its CEO, Elon Musk, raises questions about potential conflicts of interest. While the dollar amount may seem insignificant for a company of Tesla's size, the optics of the situation could negatively impact investor sentiment and potentially the stock price in the short term.
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