Tesla, Elon Musk and Grok AI
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Tesla finally announced the date of its annual meeting. That’s after dozens of angry shareholders asked what was taking it so long.
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Tesla has scheduled an annual shareholders meeting for November, one day after the electric vehicle company came under pressure from major shareholders to do so.
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Tesla reached out to Arizona late last month to start a certification process for an autonomous vehicle ride-sharing service, and a decision is expected by the end of this month, the state's transportation department said on Thursday.
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The annual meeting will be in November, nearly four months after what is required under Texas law. Tesla said on Thursday that it would hold a shareholders meeting on Nov. 6, nearly four months after what is required under Texas law.
Tesla has yet to schedule its annual shareholder meeting in accordance to Texas law four days ahead of the deadline, and investors are restless.
Earnings are expected to be around $0.44 per share, according to consensus estimates, reflecting a 15% drop compared to the previous year, while revenues are anticipated
Under pressure from a group of investors, Tesla Inc. has finally scheduled its annual shareholder meeting. The meeting will be held Nov. 6. Shareholders will have until July 31 to submit proposals to be included in proxy materials for consideration at the meeting, the EV maker TSLA said.
Tesla’s next robotaxi chapter is at the heart of the tech world. Musk unveiled plans for the company to kick off its autonomous ride-hailing service in the San Francisco Bay Area in the next couple of months, barring any regulatory hiccups. The Bay Area isn’t exactly an easy launch pad.