Five Things to Watch for at Tesla’s Annual Shareholders Meeting
- Investors eager for update on second-quarter car deliveries
- Many new faces on automaker’s board and in senior management
Photographer: Spencer Platt/Getty Images
Tesla Inc. investors will be more anxious than usual to get an update from Chief Executive Officer Elon Musk on Tuesday at the company’s annual meeting. With the stock down 35% for the year and concern about the pace of vehicle deliveries top of mind, Musk is likely to try to soothe unease about Tesla’s fortunes. This will be the first annual meeting for Oracle founder Larry Ellison and Walgreens executive Kathleen Wilson-Thompson, who both joined the board in late December.
The shareholder gathering is typically a ritualized affair where Musk talks about his bold vision for the future, but there’s also corporate governance business to attend to. Will Robyn Denholm, the new board chairman appointed in November, speak publicly about her role? Does Larry Ellison, who has an equity stake second only to the CEO, get a seat sit front and center?