Tesla to hold annual shareholder meeting
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Tesla has yet to schedule its annual shareholder meeting in accordance to Texas law four days ahead of the deadline, and investors are restless.
A group of state treasurers and investors is complaining that the company, facing falling sales, is about to miss a legal deadline to hold a shareholder forum.
New York City Comptroller Brad Lander told Fortune the announcement was a “welcome, if belated, recognition that the rule of law applies to everyone—even the world’s richest man and his company.”
The company has avoided major legal problems for fatal accidents involving its partially automated Autopilot and FSD features. An autonomous ride service changes that.
Elon Musk, CEO of Tesla, has personally responded to the growing controversy surrounding his role as the company's chief executive. Business Insider reported the development on Tuesday. Dan Ives, an analyst at Wedbush Securities,