Australia's ACCC Announced Tesla Paid Penalties Of A$155,460 For Alleged Breach Of Button Battery Safety Standards
Portfolio Pulse from Charles Gross
Tesla has paid penalties of A$155,460 to Australia's ACCC for an alleged breach of button battery safety standards.
October 11, 2023 | 11:26 pm
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Tesla's payment of a penalty to Australia's ACCC for an alleged safety standards breach could potentially impact its reputation and financials.
The penalty payment by Tesla for an alleged breach of safety standards could potentially harm its reputation, which may in turn affect investor sentiment and the company's stock price. However, the financial impact of the penalty itself is likely to be minimal given the size of the company.
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