Tesla will organize an annual meeting of shareholders 6 November after the main investors demanded the event. Electric Car Company announced only one day after more than 20 shareholders complained of an unusual delay. According to Texas law (where Tesla is established), companies must organize meetings within 13 months if investors ask.
The last meeting was in June 2024, so this assembly was late for three months, which is a rare delay for large American societies. This year, Tesla’s shares crashed 27%this year, partly because Elon Musk, CEO Musk, worked with President Trump instead of focusing on Tesla’s business problems and growing competition.
Investors require answers to the focus and payment of Muska
The angry shareholders want to question Tesla’s advice on Muska’s divided attention. Many of them are upset that he joined Trump’s administration, while Tesla faces sales and protests.
“The shareholders deserve to hear directly from the Board of Directors and vote on important matters such as a powerful payout,” he said.
At last year’s meeting, investors re -approved Musk’s huge $ 44.9 billion agreement after the court refused it. Now Tesla has created a special committee that reviews his reward again. The deadline for new designs is 31 July. Investors are afraid that Musk’s political thesis and the new “America Party” enterprise will take it away from Tesla’s challenges.
Grok Chatbot is heading in the car in the middle of rock introduction
Musk announced that the Tesla vehicle would get its Grok AI Chatbot “very soon” after revealing that it was not mentioned in a recent live broadcast. Grok from Musk’s Xai Company competes with chatbots like chatgpt, but promises less “awakened” answers.
This week, however, faced problems where anti -Semitic posts appeared that appeared Hitler, forcing XAI to remove them. This tripping contributes to tes’ headaches. Despite this report, Tesla’s shares increased by 3% on Thursday after the recent drops caused by the renewed struggle between Musk and Trump.
The November meeting could warm up when investors seek new rules. Large pension funds previously demanded Musk’s works at least 40 hours a week in Tesla than they got more salaries.
They also want a clear plan of sequence and independent members of the Board of Directors.
Musk recently left his work Trump Administration, but then founded a political party and worried about investors who want to focus on new affordable cars and technology with their own drive. One best analyst warned: “Investors are exhausted by Muska’s political footprint”.
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