Technology

Tesla to hold shareholder meeting and ‘battery day’ in person on September 22nd

Tesla has lastly settled on a date for its delayed annual shareholder meeting and “battery day” for traders: September 22nd. The meeting might be held in person on the firm’s automobile manufacturing unit in Fremont, California, although it is going to presumably even be live-streamed. Only people who find themselves shareholders of the corporate’s inventory can attend.

The annual shareholder meeting was initially scheduled for July seventh on the Computer History Museum in Mountain View, California. The firm deliberate to have shareholders attend in person and watch on-line, and mentioned on the time that it could “monitor public health and travel safety protocols required or recommended by federal, state and local governments.” But massive gatherings have remained banned in California due to the COVID-19 pandemic, so CEO Elon Musk introduced final month that the meeting would be delayed. Musk beforehand mentioned he was “tentatively” targeting September 15th.

At the meeting, shareholders are slated to vote and voice opinions on a number of matters, like whether or not the corporate ought to start paying for traditional advertisement. Many of Tesla’s board members are additionally up for reelection, including chairwoman Robyn Denholm, who took over after Musk was banned from chairing any publicly traded firm for 3 years in 2018 because of a settlement with the Securities and Exchange Commission.

The battery day occasion was initially supposed to happen earlier this 12 months, however was additionally delayed due to the pandemic. Tesla is anticipated to reveal quite a few advancements in its battery tech that would give it a good better benefit over different corporations pursuing electrical automobiles. Musk mentioned final month that Tesla will provide attendees a tour of the corporate’s “cell production system,” which is probably going a reference to the corporate’s secretive “Roadrunner” undertaking to bring down the cost of making batteries will increasing volume.

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