How to watch and what to expect at Tesla’s annual “Cyber ​​Roundup” meeting

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Tesla will kick off its annual meeting Thursday afternoon – renamed Cyber ​​Roundup – from its Austin headquarters, an event that promises to deliver the usual pomp and showmanship, big beats and some noteworthy commentary from its CEO, Elon Musk.

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There are 13 shareholder proposals on the agenda, including one for a 3-for-1 stock split. This proposal, which seems to have received enough support, helped lift Tesla shares by 0.40%. Shares are up nearly 10% since Friday.

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Investors, fans, critics and everyone else can watch the event live on YouTube (below right). The meeting starts at 4:30 PM PT / 5:30 PM ET.

The company stopped accepting questions that would be asked to Musk and possibly CFO Zachary Kirkhorn and Drew Baglino. However, readers can view the list of issues and find out which ones they voted for by going to the page dedicated web page provided by Say Technologies.

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If the positive response to Tesla’s offer last March is any indication, it looks like most investors are interested in approving a stock split. If the measure is passed, it will be the second time in two years that the company will split the shares.

Tesla proposals for the agenda includes the election of two directors, eliminating applicable supermajority voting requirements and reducing directors’ terms of office to two years.

It is noteworthy that the Tesla board will become smaller. Oracle co-founder Larry Ellison, who joined the board in 2018 as part of a settlement with US securities regulators on Musk’s infamous tweets about company privatization, leaves, and his place will not be taken. Venture capitalist Ira Ehrenprice and Walgreens CEO Kathleen Wilson-Thompson are up for re-election.

Shareholders have also made suggestions, all of which Tesla recommended voting against. Among those on the list are demands that Tesla report annually on its anti-harassment and discrimination measures, as well as board diversity, employees’ right to unionize, and measures that would force the company to provide more information about the risks associated with water and child labour.


Credit: techcrunch.com /

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