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

Tesla to carry shareholder assembly and ‘battery day’ in individual on September 22nd

Tesla has lastly settled on a date for its delayed annual shareholder assembly and “battery day” for traders: September 22nd. The assembly shall be held in individual on the firm’s car manufacturing facility in Fremont, California, although it can presumably even be live-streamed. Solely people who find themselves shareholders of the corporate’s inventory can attend.

The annual shareholder assembly was initially scheduled for July seventh on the Laptop Historical past Museum in Mountain View, California. The corporate deliberate to have shareholders attend in individual and watch on-line, and mentioned on the time that it will “monitor public well being and journey security protocols required or really useful by federal, state and native governments.” However giant gatherings have remained banned in California due to the COVID-19 pandemic, so CEO Elon Musk introduced final month that the assembly could be delayed. Musk beforehand mentioned he was “tentatively” concentrating on September 15th.

On the assembly, shareholders are slated to vote and voice opinions on numerous issues, like whether or not the corporate ought to begin paying for conventional commercial. A lot of Tesla’s board members are additionally up for reelection, together with chairwoman Robyn Denholm, who took over after Musk was banned from chairing any publicly traded firm for 3 years in 2018 on account of a settlement with the Securities and Alternate Fee.

The battery day occasion was initially presupposed to happen earlier this yr, however was additionally delayed due to the pandemic. Tesla is anticipated to disclose numerous developments in its battery tech that might give it an excellent higher benefit over different corporations pursuing electrical automobiles. Musk mentioned final month that Tesla will provide attendees a tour of the corporate’s “cell manufacturing system,” which is probably going a reference to the corporate’s secretive “Roadrunner” challenge to deliver down the price of making batteries will growing quantity.