Deceptive stories about Tesla and its management have just about been the norm for a really very long time, however various TSLA shareholders are drawing the road within the sand.
As per the shareholders in a letter to the Tesla Board of Administrators, now could be the time to carry information media retailers that publish deceptive stories concerning the electrical car maker accountable.
The set off:
- Final week, a Tesla Cybertruck loaded with explosives was detonated in entrance of a Trump lodge in Las Vegas. The car’s driver died and 7 others have been injured.
- Elon Musk shortly clarified on X that the incident was the results of explosives that have been detonated from the mattress of the Cybertruck. Thus, the explosion was not in any method associated to a fault within the all-electric pickup.
- Authorities later credited the Cybertruck for holding the explosion and stopping extra injury within the space.
- Regardless of this, information stories concerning the incident framed the narrative as a Cybertruck explosion killing one particular person.
- Some headlines included “1 lifeless after a Cybertruck explodes outdoors Trump Resort in Las Vegas,” “Tesla Cybertruck explodes outdoors Trump Las Vegas Resort, killing driver,” and “Tesla Cybertruck explosion in entrance of Trump Resort in Las Vegas leaves 1 lifeless, 7 injured.”
Perhaps it’s time to achieve this https://t.co/2i4q5QZOUn
— Elon Musk (@elonmusk) January 2, 2025
Musk’s feedback:
- Amid complaints from customers on X and a few Tesla shareholders that the story of the Cybertruck’s detonation was being misrepresented, Elon Musk mused that maybe it’s time for the electrical car maker to take authorized motion in opposition to media retailers that seemingly sabotage Tesla.
- “Perhaps it’s time to achieve this,” Musk wrote in a response to X person Robby Starbuck, who referred to as out the headlines concerning the incident.
Tesla shareholders’ letter:
- Tesla shareholders have supported the thought of holding information retailers accountable.
- In a letter, the shareholders referred to as on the Board of Administrators to file authorized motion in opposition to media retailers that misrepresent Tesla information.
- Following is the TSLA shareholders’ letter:
- Pricey Members of the Board:
- As involved Tesla shareholders, we’re writing to specific our deep concern relating to what seems to be a sample of materially deceptive press protection about Tesla, its merchandise, and operations. We consider these articles are negatively impacting shareholder worth and warrant the Board’s consideration.
- Of specific concern are latest articles relating to the legal occasion the place firework mortars and camp gasoline canisters exploded within the mattress of a Cybertruck in Las Vegas. The reporting contained quite a few obvious inaccuracies. These three articles have been essentially the most talked about by us shareholders with reference to inaccurate reporting:
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- These and different main media retailers have usually printed articles containing factual inaccuracies about Tesla’s enterprise operations, product capabilities, and market place.
- Whereas all of us totally help and worth press freedom, we consider there’s a clear distinction between protected speech and demonstrably false statements that hurt shareholder pursuits and our firm.
- We respectfully request that the Board commissions an impartial evaluation of latest press protection to establish probably actionable instances of fabric misrepresentation and evaluates potential authorized treatments obtainable to guard shareholder pursuits. We perceive that partaking in authorized motion in opposition to press retailers requires cautious consideration of a number of elements, together with First Modification protections, litigation prices, and potential public relations implications. Nonetheless, we consider the Board has a fiduciary responsibility to judge all obtainable choices to guard shareholder pursuits when confronted with demonstrably false info that could be damaging to the corporate’s worth.
- We might admire the Board’s consideration of those considerations and sit up for listening to your response on how Tesla plans to handle this subject transferring ahead.
Okay
— Elon Musk (@elonmusk) January 3, 2025
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