Tesla CEO Elon Musk is talking up autonomous vehicles, days after offering investors more say and culling the board. But the $46 bln electric-car maker has more pressing concerns. AntonyMCurrie
Tesla is holding an autonomous-driving investor day at its headquarters in Palo Alto on April 22. The electric-car maker is due to release first-quarter earnings after U.S. stock markets close on April 24.
The size of the company’s board is to drop to seven directors from 11 over the next year or so, the company said on April 19 in proxy materials for its annual meeting of stockholders. Tesla is also asking shareholders to approve plans to remove supermajority voting, which is currently required to make certain changes, from its certificate of incorporation and bylaws. The annual meeting is to be held on June 11.
On April 18 a judge extended by a week her deadline for the Securities and Exchange Commission and Tesla Chief Executive Elon Musk to settle their dispute over his use of Twitter to discuss company developments.
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