Tesla has announced its annual shareholders meeting for November 6, responding to requests from shareholders for public notice. Texas law mandates annual meetings within 13 months if requested by shareholders. Tesla's stock has declined 27% this year, partly due to concerns over Elon Musk's involvement with the Trump administration. Shareholders have expressed frustration over this distraction, emphasizing the importance of the annual meeting for addressing key company issues and director elections. The new deadline for proposal submissions for the proxy statement is set for July 31.
"An annual meeting provides shareholders with the opportunity to hear directly from the board about these concerns, and to vote for or against directors, the board's approach to executive compensation, and other matters of material importance."
Tesla shares have plunged 27% this year, largely due to blowback over Musk's affiliation with President Donald Trump, as well as rising competition.
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