Tesla encourages shareholders to vote at 2022 general meeting
Tesla encouraged its shareholders to vote at this year’s general meeting. Tesla released its Shareholder Voting Guide advising the company’s shareholders to vote according to management’s recommendations. “Every shareholder has a say in our direction, including whether Tesla should be allowed to do a 3:1 stock split,” said Tesla on Twitter.
Every shareholder has a say in our direction, including whether Tesla should be allowed to do a 3:1 stock split.
—Tesla (@Tesla) July 6, 2022
In June, Tesla invited its shareholders to attend its 2022 annual meeting. The meeting is scheduled for August 4, 2022 at 4:30 p.m. Central Standard Time. It will take place in Tesla’s recently opened Gigafactory Texas. Participants can attend virtually and there will be a lottery to allow some shareholders to attend in person.
Tesla 3:1 stock split
Shareholders will vote on a 3:1 common stock split that will make more shares available to Tesla employees and investors. Tesla’s board plan aims to increase the number of authorized shares to 4,000,000,000.
According to Tesla, the split, “would help reset the market price of our common stock so that our employees have more flexibility in managing their equity, which we believe can help maximize shareholder value. Additionally, as retail investors have expressed a high level of interest in investing in our shares, we believe that the stock split will also make our common shares more accessible to our retail shareholders.
Tesla has provided an easy-to-access link for shareholders who want to vote but are unsure. If you are a Tesla shareholder and need to learn how you can make your voice heard, Click here and choose your broker from the list. Tesla also included a link to its proxy statement and you can see that here.
Tesla emphasized the importance of its shareholders’ voice in the proxy statement as well as on Twitter today.
“Your vote is very important. Whether or not you plan to attend the 2022 annual meeting, we encourage you to read the proxy statement and vote as soon as possible.