Tesla said on Thursday that it would hold a shareholders meeting on Nov. 6, nearly four months after what is required under Texas law.
The maker of electric cars made the announcement in a regulatory filing, a day after a group of state treasurers, comptrollers and shareholder representatives sent a letter to the company expressing “deep concern regarding the lack of timely notice about the date and format of Tesla’s 2025 annual general meeting.”
Texas, where Tesla is incorporated, requires companies listed on a stock exchange to hold annual meetings within 13 months after the previous meeting. In Tesla’s case, that deadline is Sunday. It is unclear whether Tesla will face any penalties for holding a late meeting.
In a document, dated July 9, filed with the Securities and Exchange Commission, Tesla did not give a reason for delaying the meeting.
Annual meetings provide a forum for shareholders to speak directly to company executives and boards of directors. Shareholders also vote on nominations for board members and proposals submitted by the company or shareholders. The deadline to file proposals for the November meeting is July 31.
Tesla’s shareholders are expected to have a lot to say to Elon Musk, the company’s chief executive. Tesla’s stock price has been falling, and sales are down because of increased competition, an aging product lineup and Mr. Musk’s immersion in right-wing politics, which has alienated the liberals most likely to buy electric cars.
Investors have also expressed concern that Mr. Musk’s political activities, including plans to form a third party, distract him from managing Tesla at a critical time for the company.
Mr. Musk has dismissed worries about falling car sales, saying the company’s future lies with autonomous driving technology and humanoid robots.
Tesla shares were up 3 percent in morning trading.
Jack Ewing covers the auto industry for The Times, with an emphasis on electric vehicles.
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