Overview

• Tesla’s board officially designated November 6 for its 2025 annual meeting, missing the 13-month requirement under Texas law by four months.
• Twenty-seven institutional investors who manage roughly $1.5 trillion in assets have warned they will seek a court order in Travis County to force compliance.
• Tesla’s board has set July 31 as the deadline for shareholders to submit proposals for inclusion in the proxy statement ahead of the delayed meeting.
• Critics point to the company’s declining sales and share price and Elon Musk’s political commitments as drivers of shareholder demands for greater accountability.
• Tesla’s 2024 shift of incorporation from Delaware to Texas subjects it to new governance rules that allow courts to enforce meeting schedules.