Tesla, Inc. is gearing up for its Annual Shareholders' Meeting scheduled for June 13, 2024, with a significant focus on the ratification of CEO Elon Musk's pay package and the proposed relocation of the company's legal home from Delaware to Texas. Ahead of the meeting, Tesla has updated its voting website and encouraged shareholders to vote through various methods, including online, by QR code, or by phone, with a voting deadline set for 10:59 pm Central time on June 12th. The company has also engaged in direct communication with employees, urging them to vote their shares. Tesla's Board Chair, Robyn Denholm, discussed the importance of the pay package for Musk, emphasizing fairness and the value he has created for the company...Show More

Tesla, Inc. is gearing up for its Annual Shareholders' Meeting scheduled for June 13, 2024, with a significant focus on the ratification of CEO Elon Musk's pay package and the proposed relocation of the company's legal home from Delaware to Texas. Ahead of the meeting, Tesla has updated its voting website and encouraged shareholders to vote through various methods, including online, by QR code, or by phone, with a voting deadline set for 10:59 pm Central time on June 12th. The company has also engaged in direct communication with employees, urging them to vote their shares. Tesla's Board Chair, Robyn Denholm, discussed the importance of the pay package for Musk, emphasizing fairness and the value he has created for the company. Denholm also addressed concerns about Musk's other ventures and their impact on Tesla, ensuring that related party transactions are fair for Tesla shareholders. The board has considered the implications of the pay package not being approved and believes ratification is the best option for shareholders. The company has filed a definitive proxy statement with the SEC, detailing the matters to be voted on at the annual meeting, and has been actively soliciting proxies from stockholders.