MW Tesla investors ask: When's the shareholder meeting?

By Claudia Assis

Tesla last held a meeting more than a year ago, and a group of group of key shareholders are concerned

Tesla Inc. is on the verge of missing a deadline related to its shareholder meeting, and a group of influential shareholders, including pension funds and public financial officers, on Wednesday voiced "deep concern" about the delay.

Tesla $(TSLA)$ has not set a date for its 2025 meeting, and nearly 13 months have passed since last year's meeting on June 13, 2024.

At that meeting, shareholders approved Chief Executive Elon Musk's massive pay package by a wide margin and dealt the EV maker an important, if symbolic, victory in his fight with a Delaware court decision. They also gave the company the go-ahead to reincorporate in Texas from Delaware because of that legal battle.

In the Wednesday letter, the group of shareholders cited Texas business code to say Tesla is expected to hold the meeting within a 13-month period from the last meeting.

Tesla has not set a date for the 2025 gathering and the "lack of transparency raises serious concerns about the company's respect for shareholder rights," the letter said. The EV maker did not return a request for comment sent to its investor relations team. Tesla disbanded its public-relations department during the pandemic, and has mostly relied on social media for communications.

The delay "is particularly troubling in light of the growing investor scrutiny Tesla faces," and the group urged the company to publicly announce the date and ensure that shareholders have "sufficient time and information to engage meaningfully in the governance process."

Tesla's stock has been under pressure in recent sessions, as investors worry that Musk's political ambitions in creating a third U.S. political party would take away from his attention to Tesla and deepen the ongoing feud with President Donald Trump. The stock is down nearly 30% this year, compared with an advance of about 6% for the S&P 500 index SPX.

Annual shareholder meetings are usually staid, highly orchestrated affairs at most companies, but they have been the opposite at Tesla.

At last year's meeting, raucous applause and cheering went on as Musk took the stage for his victory lap. Musk often has taken the stage to announce new goals and timelines for Tesla: In 2023, he said he'd remain CEO and gave updates about the Cybertruck.

The letter on Wednesday was signed by seven public financial officers, including New York City Comptroller Brad Lander; the state treasurers of Illinois, Maryland and Oregon; European pension and investment funds; and ESG and religious groups.

-Claudia Assis

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July 09, 2025 12:09 ET (16:09 GMT)

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