Since it is open pore and not slathered in plastic, is the wood strip going to hold up baking in the sun day after day? What products are recommended to keep it protected and looking new?
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Shellac is pretty but not very hardy. It can be damaged by alcohol, water, oils, and probably sun. For a finish, you might need to go urethane or tung oil (but I don’t know much about it). I’m considering the lemon oil. It has worked for years on an unfinished chest of drawers.
If you look at the pleated corners on the Model 3's wood dash, the wood appears to be paper thin. I'd be afraid that any wood treatment would penetrate the wood, dissolve the adhesive, and cause the wood to delaminate.