Tesla to hold annual shareholder meeting
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A Florida federal jury will soon weigh whether Tesla and it's Autopilot system is to blame for a 2019 crash that killed a 22-year-old woman.
Under pressure from a group of shareholders, Tesla’s board of directors said it will convene the annual general meeting on Nov. 6, nearly four months later than required under Texas state laws. The company had warned at the end of April it would fail to meet the usual deadline,
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A group of state treasurers and investors is complaining that the company, facing falling sales, is about to miss a legal deadline to hold a shareholder forum.
Tesla has yet to schedule its annual shareholder meeting in accordance to Texas law four days ahead of the deadline, and investors are restless.
Much of Elon Musk’s business empire is in disarray, but his rocket-and-satellite company is riding high.
Earnings are expected to be around $0.44 per share, according to consensus estimates, reflecting a 15% drop compared to the previous year, while revenues are anticipated
Tesla stock dropped early Friday in what has been a difficult week for investors. Not only was there another spat between President Donald Trump and CEO Elon Musk, investors need to consider what a battery supplier’s actions mean for any recovery in sales of electric vehicles.