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Update on Tesla’s 2020 Annual Meeting of Stockholders; Battery Day

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Tesla has announced that its 2020 Annual Meeting of Stockholders will take place in person on September 22, 2020, at 2:30 p.m. PT at the Fremont Factory. Eligible stockholders can also attend a separate Battery Day presentation on the same day. Although detailed proxy materials will follow, stockholders must submit new proxies or votes as previously submitted ones will not be counted. Proposals for the definitive proxy statement must be submitted by July 20, 2020. Tesla will adjust the meeting format as necessary to uphold health and safety guidelines.

Positive
  • In-person meeting allows stockholders to engage directly with Tesla's management.
  • Battery Day presentation provides an opportunity for stockholders to learn about upcoming innovations.
Negative
  • Stockholder proposals must be submitted by July 20, which may limit participation.
  • Uncertainty exists regarding potential changes to the meeting format due to health protocols.

PALO ALTO, Calif., July 10, 2020 (GLOBE NEWSWIRE) -- Tesla, Inc. (“Tesla”) announced today that its 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”) will be held in person on Tuesday, September 22, 2020, at 2:30 p.m. Pacific Time, at Tesla’s Fremont Factory located at 45500 Fremont Blvd, Fremont, CA 94538. Eligible stockholders may also attend Tesla’s separate Battery Day presentation, which will be held on the same day, with additional details to be announced at a later time. No formal stockholder business will be conducted at such presentation. Tesla intends to webcast both events live.

Additional Information

Further details regarding the 2020 Annual Meeting will be provided in additional proxy materials to be filed with the Securities and Exchange Commission. Stockholders who have previously sent in proxies, or voted by telephone or by Internet, will be asked to submit new proxies or vote by telephone or Internet in advance of the 2020 Annual Meeting by one of the methods described in the additional proxy materials to be distributed, and such previously sent proxies or votes will not be counted.  Stockholder proposals intended for inclusion in Tesla’s definitive proxy statement for the 2020 Annual Meeting pursuant to Rule 14a-8 must be received by Tesla’s Corporate Secretary at shareholdermail@tesla.com no later than July 20, 2020 (which Tesla believes is a reasonable time before it begins to print and send its proxy materials). Tesla will continue to monitor public health and travel safety protocols required or recommended by federal, state and local governments. If necessary or advisable to protect our personnel and stockholders, we will change the date, time, location and/or format of the 2020 Annual Meeting. If we do so, we will publicly announce any such changes in advance.

 

FAQ

What is the date of Tesla's 2020 Annual Meeting?

Tesla's 2020 Annual Meeting is scheduled for September 22, 2020.

Where will Tesla's 2020 Annual Meeting be held?

The meeting will be held at Tesla’s Fremont Factory in California.

What time does Tesla's 2020 Annual Meeting start?

The meeting will start at 2:30 p.m. Pacific Time.

Will there be a separate event during Tesla's Annual Meeting?

Yes, a separate Battery Day presentation will take place on the same day.

What is the deadline for stockholder proposals for Tesla's 2020 Annual Meeting?

Proposals must be submitted by July 20, 2020.

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