Tesla Wins Apology, $282 In Damages From 2021 Shanghai Auto Show Protester
Portfolio Pulse from Anan Ashraf
A protester from the 2021 Shanghai Auto Show, known as 'Ms. Li', has been ordered by a court to apologize to Tesla Inc (NASDAQ:TSLA) and pay approximately $282 in damages for reputation infringement. Li must also delete her Weibo posts against Tesla, apologize on Weibo, and cover additional legal costs. Another protester, 'Ms. Zhang', lost a second lawsuit against Tesla for defamation and privacy invasion.
November 22, 2023 | 9:01 am
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Tesla Inc wins a legal case against a protester from the 2021 Shanghai Auto Show, with the court mandating an apology and payment of damages to Tesla.
The court ruling in favor of Tesla against the protester may have a positive impact on Tesla's reputation, potentially leading to a slight short-term positive sentiment among investors. However, the financial compensation is nominal and unlikely to have a material impact on Tesla's financials. The news is more about the vindication of Tesla's stance against public criticism, which could be seen as a positive development for the company's brand image.
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