Tesla, Inc. announced on its official website that the 2022 annual shareholders’ meeting will be held on August 4, 2022, at 4:30 PM US/Central. Any stockholder as of June 6, 2022, holding Tesla shares will receive an email with link to vote and attend the meeting. According to statistics, Tesla has about 6 million shareholders at this time, and each of them own a portion of Tesla and its mission.
In order to ensure that Tesla is carrying its mission and moving in the right direction, there will be 13 proposals up for approval at the annual meeting of Tesla, Inc. The ballot in the email includes eight shareholder proposals. These proposals are submitted by shareholders instead of management and may involve matters such as gender and race pay equality, carbon footprint, and shareholder representation on the company board. The top priority of this meeting is the announcement in the fourth proposal that Tesla’s stock price plan will be split at a ratio of 3:1.
Tesla said that the stockholders are helping to decide the future of the company, including whether or not Tesla should proceed with a 3:1 stock split. The potential stock split plan will provide greater flexibility for employees to manage equity and help reset the market price of Tesla shares, making it easier for ordinary people to buy shares.
However, this is the second split of Tesla’s stock price within two years. On August 11, 2020, Tesla announced that it would split its shares by 5:1, and it was officially split on August 31, 2020.
Tesla’s rapid development over the past few years is enough to show its vision and ambition for the future. Therefore, the nomination of individuals to have voting rights to represent as shareholders and oversee, advise, and govern the company will also make it more attractive to hold Tesla, Inc. stock shares for a long time in the future.