Tesla - finally - announces when it will face its shareholders
CNN
Tesla finally announced the date of its annual meeting. That’s after dozens of angry shareholders asked what was taking it so long.
Tesla finally announced the date of its annual meeting, after dozens of angry shareholders asked what was taking it so long. A group of Tesla shareholders Wednesday sent a letter to the company demanding it schedule an annual meeting, as legally required. On Thursday, Tesla did just that, setting a date for November 6. But that date is four months beyond the legal deadline for its next shareholder meeting. Texas law, where the company is incorporated, requires annual meetings every 13 months. The shareholder letter this week, which includes some Democratic officials who oversee public pension funds holding Tesla shares, had pointed out this deadline, demanding the company set a date. “This delay is particularly troubling in light of the growing investor scrutiny Tesla faces,” the letter said. The disagreement with shareholders over a setting a meeting date - a typical exercise at thousands of companies - underscores the trouble Tesla is in, with even longtime Wall Street fans expressing concerns about the company’s direction and its controversial CEO, Elon Musk.
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