'Tesla Investors Call For Changes After Musk's Antisemitic Post; Some Shareholders Say It's Time For Board To Take Action; Musk Has History Of Not Standing Up Against Hate Speech' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Several Tesla Inc. shareholders, including Jerry Braakman of First American Trust, have criticized CEO Elon Musk for endorsing antisemitic views on social media. They are calling for the board to take action, with suggestions such as suspending Musk for a period. First American Trust held about 16,000 Tesla shares as of September 30.
November 17, 2023 | 5:48 pm
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Tesla shareholders are calling for the board to take action against CEO Elon Musk for endorsing antisemitic views, which could lead to a suspension.
The criticism from shareholders regarding Elon Musk's behavior could lead to increased scrutiny and potential action by Tesla's board, which may include a temporary suspension. This situation could create uncertainty and negatively affect investor sentiment, potentially leading to a short-term decline in Tesla's stock price.
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