Tesla, Inc. (TSLA)'s Board Chair Dismisses Concerns About Elon Musk's Political Activities

Tesla, Inc. (NASDAQ:TSLA) is among the 15 Stocks ChatGPT Predicts Could Make You Wealthy in 5 Years. Recently, board chair Robyn Denholm dismissed concerns about Elon Musk’s political activities adversely affecting sales at the EV maker, while adding that the billionaire was still front and center at the company.

Denholm stated the following in an interview with Bloomberg on Friday:

“What he does from a political perspective in terms of his political motivations is up to him. From a politics perspective, obviously we’re in a democracy, so everyone gets to voice their points of view.”

Musk’s political duties, including at DOGE, and later his feud with U.S. President Donald Trump, have sparked concerns among investors and analysts over potential distractions. However, Tesla, Inc. (NASDAQ:TSLA)’s board has repeatedly expressed confidence in the CEO’s ability to steer the company, despite softening demand and competition from Chinese rivals in key markets.

In other related news, Tesla, Inc. (NASDAQ:TSLA)’s board has proposed a $1 trillion compensation plan for Elon Musk as CEO, which is set to be the largest pay package in history and reflects the billionaire’s hold over the company.

The carmaker’s shares gained 7.36% on September 12 following Denholm’s interview.

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