The highly anticipated 2024 Tesla Inc (NASDAQ:TSLA) shareholders meeting will be held Thursday, June 13 and includes an important vote on a new compensation plan for CEO Elon Musk.
Here's a look at how to watch, details of the vote and what analysts are saying ahead of the key shareholder decision.
How to Watch: The 2024 Tesla Shareholders Meeting will be a limited in-person event for shareholders on Thursday at the Tesla gigafactory in Texas. A random drawing was done to decide which shareholders could attend.
Tesla will livestream the event on YouTube beginning at 4:30 p.m. ET, June 13.
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The Key Proposals: There are multiple proposals shareholders were asked to vote on ahead of the meeting including changing its corporate home to Texas and confirming the 2018 CEO pay package for Elon Musk that was voided by a judge earlier this year.
"The 2018 CEO pay package required Elon to deliver transformative and unprecedented growth to earn any compensation. It was a big risk, and many thought that the plan's targets for benefits to stockholders were simply unachievable," Tesla said.
The company highlighted the impressive progress and gains made over the last five-plus years.
"Elon delivered: Tesla's stockholders have benefitted from unprecedented growth under Elon's leadership and Tesla has met every single of the 2018 CEO pay package's targets."
The new plan for shareholders to vote on included requirements that Musk hold the shares he receives from exercising options for five years.
"He will continue to be driven to innovate and drive ...