I think it's safe to say that most people who are into the Tesla brand are BIG fans of its CEO, Elon Musk. After all, it's been his vision and pitch that has consistently been able to jump start the company and keep the momentum moving.
Hell, Tesla can't even get the product into customers' hands but people are still super bullish on the company.
But that doesn't mean that all shareholders are happy. According to reports, at this June's shareholder meeting there will be a proposal for Musk to be ousted as the company's CEO.
Is this the SMARTEST or STUPIDEST idea for Tesla? What say you, Spies?
Tesla’s shareholder’s meeting generally starts with the official items, which this year includes voting to reelecting 3 board members, ratifying Tesla’s independent registered public accounting firm, and voting on two shareholder proposals.
After that, Musk generally comes on stage for a quick presentation and then he answers questions from shareholders.
But this year, one of the shareholder proposals is to remove Musk from his role as chairman, which he has held since 2004 at Tesla – virtually since the company’s inception.
An owner of 12 Tesla shares named Mr. Jing Zhao from Concord, CA put the proposal together. He is a well-known shareholder activist who has previously pushed other proposals at companies, like Apple and IBM.
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