"Tesla investors have some proposals for the company, but at least 11 of those won't be discussed at the coming shareholder meeting in November. Business Insider reviewed a dozen shareholder proposals submitted ahead of the July 31 deadline that some shareholders would like to discuss with Tesla's board. The 12 proposals come from both state-managed and private funds and ask Tesla to commit to a range of sustainability and accountability measures."
"Tesla's November 6 meeting is the company's first since the heightened scrutiny of its CEO, Elon Musk, over his involvement with DOGE, followed by a public falling out with President Donald Trump and his announcement of a new political party. The EV giant is also facing declining sales over the past two quarters, and its share price has fallen more than 30% since its peak in December 2024."
Tesla scheduled a shareholder meeting for November 6 after sales declined and shares dropped. Twelve shareholder proposals were submitted by state-managed and private funds seeking sustainability and accountability commitments. Tesla asked the SEC to exclude 11 of those proposals via "no-action" requests, a process the SEC reviews for reasons such as economic relevance or false statements. One proposal from New York State Comptroller Thomas DiNapoli was accepted and will be put to a vote, despite Tesla's opposition. The meeting comes amid heightened scrutiny of Elon Musk and competing investor concerns versus his desire to focus on xAI.
Read at Business Insider
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