Tesla has announced its annual meeting date four months after a group of shareholders demanded it, citing Texas law requiring meetings every 13 months. The company set a date for November 6, which falls beyond the legal deadline. Shareholders expressed concerns over the delay, particularly in light of growing investor scrutiny and Elon Musk’s controversies.
The issue highlights Tesla’s struggles with direction and its CEO’s actions. Despite strong shareholder support for Musk in the past, the current controversy has sparked debate among investors. Annual meetings provide a platform for shareholders to discuss issues directly with the board and CEO, but their power is limited due to company control over question selection.
Tesla faces numerous challenges, including sales declines, plunging profits, and stock price drops. Upcoming changes to US incentives for electric vehicles could cost the company billions. Musk’s political activities have also caused lasting brand damage. The November meeting will offer shareholders a chance to address these concerns, but its outcome is uncertain.
Source: https://edition.cnn.com/2025/07/10/business/tesla-annual-meeting-delay