Tesla Shareholders Meeting Information Center (TSLA)

Tesla (TSLA) is holding its annual meeting of shareholders at Gigafactory Texas in Austin today at 5:30 p.m. ET.

Here’s a news hub with all the important news from the event.

Tesla General Meeting of Shareholders 2021

Tesla’s shareholder meetings begin with votes on official items, which this year include the re-election of two directors, James Murdoch and Kimbal Musk.

Musk is the brother of CEO Elon Musk and a longtime member of the board.

Murdoch, the son of media mogul Rupert Murdoch and former Fox CEO, faces his first re-election and is controversial among Tesla investors.

Tesla also wants to reduce the terms of directors to two years.

Shareholders will also vote on a few investor proposals, including more transparency on employee arbitration over workplace culture.

It will be interesting given Tesla’s recent order to pay former employee $ 137 million for facing racism at his job at Tesla’s Fremont factory.

There are also three other proposals regarding culture at Tesla – The board recommends that shareholders vote against all of them, which usually leads to the proposals being stopped.

Tesla Annual Presentation and Q&A

After the formal part of the vote, Tesla usually moves on to a presentation by Elon Musk and other executives. Tesla is expected to talk about the progress they’ve made over the past year and share plans for next year, including manufacturing ramps, product line, and more.

After the presentation, Tesla will answer questions from investors via the website to say.

Here are some of the most popular questions Tesla should answer:

• Does Tesla plan to offer dividends to its shareholders over the next 2 years?
• With a TSLA share price in $ back in the $ 700-800 range, and possibly rising. Would you consider another split to allow retail investors to continue adding shares at a decent price per share.
• Are there any indications of when Cybertruck’s production will begin and how quickly the ramp-up will occur?
• Are we going to see 4,680 battery cells this year in Texas? If not, what part of the production resists?

Honestly, the questions aren’t big this year. The answer to the first is probably no, as Tesla has always indicated its intention to reinvest its profits in its growth. While dividends aren’t out of the question going forward, it’s not likely in the next couple of years.

As to the second question, Tesla could do another stock split, but the reason for allowing small investors to get involved becomes less and less valid as more and more stockbrokers are offering fractions of. actions, like Robin Hood in the United States and Simple wealth in Canada.

The third most voted question was answered only recently when Tesla indicated that production of Cybertruck would begin at the end of 2022.

The latter is the most interesting, as Musk warned that 4680 cells may not be available when Model Y production begins at Gigafactory Texas.

We should get all of these answers in just a few hours.

You can watch Tesla’s shareholders meeting live here:

Below we’ll add links to all of the most important news from the event:

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