Musk is facing questions from Tesla investors regarding his views on Trump.

• On Wednesday, during Tesla's quarterly earnings call, Elon Musk may face inquiries about his political views and support for Donald Trump.
• Numerous inquiries were submitted on Tesla's forum regarding Musk's political views prior to the earnings announcement.
• Recently, in Pennsylvania, Trump has been heavily campaigned for by Musk.

As the quarterly results are announced on Wednesday, many investors are preoccupied with one major concern: the impact of Donald Trump's policies.

Retail shareholders inquired about Elon Musk's political views, controversial remarks on X, and attempts to influence Trump's return to the White House on Tesla's forum for investor questions.

"Tesla has been asked to address the conflict between Elon Musk's political views and his responsibility as CEO to protect shareholder value. The anonymous retail investor wants to know if Musk's public activism is harming sales or growth."

The comment with 168 upvotes questioned whether Tesla's board is taking any actions to prevent Musk's political involvement from negatively impacting the company's core mission, safeguarding shareholder value, and maintaining brand integrity. Additionally, another question with 527 upvotes inquired about the board's efforts to ensure that Musk's political engagement does not harm Tesla's core mission and protects the company's shareholder value and brand integrity.

Third-quarter results are scheduled to hit after the close of regular trading.

Musk is the CEO of Tesla and SpaceX, the owner of X, and the founder of Neuralink and The Boring Co. He also started xAI last year to develop AI products outside of Tesla.

Musk, in addition to his "17 jobs," has proposed to Trump the formation of a "government efficiency commission" to reduce spending and regulations. Trump has pledged to establish the commission and allow Musk to lead it.

To boost the Republican nominee and ex-president's chances of winning in a tight race, Musk launched a speaking tour in Pennsylvania to encourage voter registration. He labeled the state as the "deciding factor" in the election and announced that he would give away $1 million daily to registered voters who signed a petition supporting his pro-Trump PAC over the weekend.

Although Musk's political views have garnered significant media attention, they are seldom discussed at company shareholder meetings or in Wall Street analysts' reports.

The topic of Trump and the election has been almost absent from the discussion, according to analyst notes compiled by FactSet (which doesn't include all sell-side firms).

The financial impact of Musk's politics can be hard to quantify.

One venture capitalist and Tesla supporter, Gene Munster from Deepwater Asset Management, has attempted to invest in the company.

If not for the political dynamic, Musk's heightened political commentary in the past four months would have resulted in a 2% increase in total numbers and a 4% increase in U.S. numbers for the company.

Tesla didn't immediately respond to a request for comment.

Interbrand, a brand consultancy that has been conducting a Best Global Brands study for 25 years, reported that Tesla's brand value decreased by 9% this year. As a result, Tesla fell from its previous ranking of 11th to 12th place, behind automakers Toyota, Mercedes Benz, and BMW, all of which made it into the top 10.

"According to Interband Global CEO Gonzalo Brujo, in an email to CNBC, most car manufacturers are struggling with the transition to EVs, and although Tesla was initially successful in this area, its shifting focus is causing market confusion about its strategies. This confusion has been exacerbated by recent introductions, such as the truck not meeting expectations while competitors deliver better cars."

The top-five ranked brands by Interbrand were all tech companies that compete with Tesla for talent and, in some cases, on products. These brands are , , , and .

Tesla's vehicle lineup includes long-standing models such as the Model 3 sedans and Model Y SUVs, while the company is shifting its focus to its plans for robotaxis, driverless software, humanoid robots, and supercomputers, rather than its core automotive business.

Musk's antics could serve as a significant diversion from everything else.

"Aligning with politics as a CEO or brand carries a risk, as it can be polarizing and result in losing customers."

Tesla shares have experienced a 14% decline for the year, primarily due to an 18% drop in October. Meanwhile, the Nasdaq has remained relatively stable for the month but has seen a nearly 22% increase in value year-to-date.

WATCH: Musk gives $75 million to pro-Trump PAC