Shareholders of electric car maker Tesla will be voting tonight on at least two significant proposals backed by Chief Executive Officer Elon Musk.
The annual general meeting (AGM) of Tesla shareholders will begin at 4:30 pm New York time i.e. 2 am Indian Standard Time.
Tesla AGM will be livestreamed here on CNBC-TV18:
Musk wants to move the headquarters of the $565 billion company to Texas from Delaware, where nearly two-thirds of all listed companies in the US are registered due to the state's business-friendly policies.
The proposal comes six months after a judge in Delaware rejected a $55.8 billion compensation for CEO Musk, approved by the company's board of directors in 2018.
That's the second significant proposal in front of the shareholders: to approve or reject the proposed compensation that would make Musk the highest-paid CEO in the US.
On June 12, Musk said, in a social media post, that both proposals will win at the AGM by 'wide margins'.
The 52-year-old Elon Musk is estimated to have a net worth of nearly $209 billion, according to real-time data from Forbes on June 12. He owns six companies including Tesla, X (the social media platform earlier called Twitter), rocket maker SpaceX, and tunneling startup Boring Company.
Stay tuned to CNBC-TV18 for the latest news and live updates on Tesla AGM.
The annual general meeting (AGM) of Tesla shareholders will begin at 4:30 pm New York time i.e. 2 am Indian Standard Time.
Tesla AGM will be livestreamed here on CNBC-TV18:
Musk wants to move the headquarters of the $565 billion company to Texas from Delaware, where nearly two-thirds of all listed companies in the US are registered due to the state's business-friendly policies.
The proposal comes six months after a judge in Delaware rejected a $55.8 billion compensation for CEO Musk, approved by the company's board of directors in 2018.
That's the second significant proposal in front of the shareholders: to approve or reject the proposed compensation that would make Musk the highest-paid CEO in the US.
On June 12, Musk said, in a social media post, that both proposals will win at the AGM by 'wide margins'.
Both Tesla shareholder resolutions are currently passing by wide margins!
♥️♥️ Thanks for your support!! ♥️♥️ pic.twitter.com/udf56VGQdo
— Elon Musk (@elonmusk) June 13, 2024
The 52-year-old Elon Musk is estimated to have a net worth of nearly $209 billion, according to real-time data from Forbes on June 12. He owns six companies including Tesla, X (the social media platform earlier called Twitter), rocket maker SpaceX, and tunneling startup Boring Company.
Stay tuned to CNBC-TV18 for the latest news and live updates on Tesla AGM.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
