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Tesla | PX14A6G: Notice of exempt solicitation

SEC announcement ·  Jun 13 18:04
Summary by Futu AI
Tesla, Inc. faces a shareholder proposal urging the company to report on the health effects and financial risks associated with electromagnetic radiation (EMF) and wireless technologies in its vehicles. The proposal, submitted by the Environmental Health Trust and supported by Tesla investor Lendri Purcell, calls for an annual report detailing independent expert test results of magnetic fields and RF radiation for each Tesla vehicle model. The proposal highlights concerns about the potential health, liability, and reputational risks posed by non-ionizing EMF, which many researchers believe could have significant health impacts. Despite Tesla's claims of compliance with FCC standards and other regulations, the proposal argues that current guidelines are outdated and do not adequately protect against long-term exposure...Show More
Tesla, Inc. faces a shareholder proposal urging the company to report on the health effects and financial risks associated with electromagnetic radiation (EMF) and wireless technologies in its vehicles. The proposal, submitted by the Environmental Health Trust and supported by Tesla investor Lendri Purcell, calls for an annual report detailing independent expert test results of magnetic fields and RF radiation for each Tesla vehicle model. The proposal highlights concerns about the potential health, liability, and reputational risks posed by non-ionizing EMF, which many researchers believe could have significant health impacts. Despite Tesla's claims of compliance with FCC standards and other regulations, the proposal argues that current guidelines are outdated and do not adequately protect against long-term exposure to EMF. The proposal also points to a recent U.S. Court of Appeals ruling that found the FCC's decision to maintain its 1996 wireless radiation limits was arbitrary and capricious, failing to address evidence of non-cancer health effects and the unique vulnerability of children. The proposal recommends that Tesla 'compete on safety' by providing transparency on EMF emissions and taking proactive steps to mitigate potential risks.

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