Tesla Schedules Annual Shareholder Meeting Amid Pressure and Governance Concerns

Tesla has scheduled its 2025 annual shareholder meeting for November 6, following pressure from a group of 27 major investors. The announcement comes as the company faces mounting scrutiny over CEO Elon Musk's political ambitions and Tesla's declining sales and stock price.

Investor Pressure and Legal Obligations

The coalition of shareholders, which includes U.S. state treasurers, pension funds, and governance experts, urged Tesla to set a date for the meeting, citing legal deadlines and growing governance concerns. The company was close to missing a legal deadline under Texas law, as its last annual meeting was held in June 2024.

Ongoing Governance and Performance Concerns

Tesla's decision to hold the meeting in November comes amid ongoing governance issues and a 27% decline in its stock price so far this year. Investors are raising questions about the company's management and long-term strategy, with Musk's political aspirations adding further uncertainty to Tesla's future.

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