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EV giant Tesla Inc. (TSLA) said on Thursday that it would hold its 2025 annual meeting of shareholders on Nov. 6, 2025.
Tesla shares were trading over 1% higher in the pre-market session.
Shareholders who intend to present a proposal to include in the proxy statement for the meeting must submit it by July 31, the company said in a filing with the Securities and Exchange Commission (SEC).
The announcement follows reports that a group of 27 major Tesla shareholders, including U.S. state treasurers and pension funds, has called on the EV maker’s board to schedule its 2025 annual shareholder meeting, warning the company is nearing a legal deadline and highlighting growing governance concerns.
Tesla’s last annual meeting was held in June 2024. Under Texas law, companies are required to hold such meetings within 13 months or face potential legal action by shareholders.
Tesla previously said in April it would delay filing its proxy due to unresolved board matters, including a special committee reviewing CEO Elon Musk’s compensation.
During the last annual meeting, shareholders approved shifting the company’s state of incorporation from Delaware to Texas and also again voted in favor of the company CEO Elon Musk’s $56 billion pay package, which was voided earlier in the year by a Delaware judge after noting it to be excessive.
The 2025 annual meeting comes amidst rising concerns, including Musk’s involvement in politics, his recent public fallout with President Donald Trump, a pivot in strategy to autonomous vehicles and robotics, as well as two consecutive quarters of a drop in electric vehicle deliveries.
On Stocktwits, retail sentiment around Tesla is in the ‘extremely bearish’ territory, coupled with ‘high’ message volume.
The TSLA stock is down by 27% this year but up by over 12% in the past 12 months.
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