Tesla shareholders typically comply with the board’s suggestions on the annual assembly

August 4 (Reuters) – Tesla Inc (TSLA.O) At the company’s annual meeting on Thursday, shareholders voted on the board’s recommendations on a number of issues, re-electing directors, approving a stock split and rejecting a number of proposals related to the environment and governance.

Votes on three of the 13 proposals did not take into account the board’s recommendations, according to preliminary summaries presented at the annual shareholder meeting in Austin, Texas.

Against the board’s approval, shareholders passed an advisory proposal that would increase investors’ ability to nominate directors, with two board proposals falling short of the required majority vote.

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These two proposals involved reducing the term of directors to two years and eliminating the larger majority requirement.

CEO Elon Musk spoke to a crowd in Texas and laid out his expansion plans.

Musk said the company is aiming for 2022. produced 2 million of vehicles per year will continue to build factories.

Tesla has factories in California and Shanghai and is building two more in Austin, Texas and Berlin. Musk said Tesla could announce an additional factory this year and hoped to eventually have 10 to 12 so-called gigafactories.

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Reporting by Ankur Banerjee and Akash Sriram in Bengaluru; additional reporting by Peter Henderson in Oakland and Kevin Krolicki in Detroit; Edited by Anil D’Silva

Our standards: Thomson Reuters Trust Principles.

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