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Tesla To Hold In-Person Annual Shareholders Meeting At Fremont Factory

Tesla has decided that it will hold its “battery day” for investors and annual shareholders meeting in person. The electric car maker settled for 22nd September 2020 and will hold the meeting at its Fremont factory in California.

 

The company had originally scheduled the annual shareholder meeting for 7th July 2020 at the Computer History Museum in Mountain View, California.

 

Tesla had planned to have some shareholders attend in person and others participate virtually online. It also said at the time that it would “monitor public health and travel safety protocols required or recommended by federal, state and local governments.

 

However, in California, large gatherings are still banned due to the COVID-19 pandemic, prompting CEO Elon Musk to announce, in June 2020, that the company will move the meeting. Musk had said he was “tentatively” looking at 15th September 2020 to hold the meeting.

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The shareholders are expecting to vote and voice opinions on a number of matters at the meeting. On the agenda, the shareholders will decide if the company should start paying for traditional advertisements.

 

Chairwoman Robyn Denholm, who succeeded Musk in 2018 after a ban from chairing any publicly traded company for three years by the Securities and Exchange Commission as a result of a settlement is up for reelection along with many other board members.

 

Tesla should also reveal a number of advancements in its battery technology. This could potentially give it a greater advantage over other electric vehicle makers.

 

The company has been resilient despite the pandemic which has seen it deliver over 90,000 vehicles despite production delays. The company also recently announced a breakthrough in partnership with CATL to manufacture batteries that last 2 million kilometers.

 

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Kolawole Awolope

Passionate about talking, passionate about talking tech.

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