This is an obvious and clear demonstration of how distracted Elon and the members of the board are. They are not putting shareholder's interest at the front as they should be.
Tesla Investors Ask Board To Set Date For Overdue Annual Shareholder Meeting
A group of 27 major Tesla TSLA.O shareholders urged the electric automaker's board on Wednesday to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns.Tesla is close to missing a legal deadline and has not announced this year's meeting, the group consisting of U.S. state treasurers, pension funds and governance experts said in a letter."Tesla's ongoing silence on the AGM is cause for concern," they said against the backdrop of mounting scrutiny of over CEO Elon Musk's political ambitions and the automaker's falling sales and stock price.The company did not immediately respond to a request for comment.Under Texas law, shareholders can move a court to require the company to hold its annual meeting if it has not done so within 13 months of the previous one.Tesla's last meeting was held in June 2024. The company had in April said it would file its annual proxy statement later than expected as the board had not decided on a date
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