Tesla Launches Website for 2024 Shareholder Meeting

TL;DR

Tesla launched SupportTeslaValue.com for their 2024 shareholder meeting. No fee paid.

AI Summary

Tesla, Inc. filed a DEFA14A on April 17, 2024, announcing the launch of a website, www.SupportTeslaValue.com. This website is in connection with their 2024 Annual Meeting of Stockholders. The filing indicates no fee was required for this submission.

Why It Matters

This filing signals Tesla's proactive communication strategy leading up to its annual shareholder meeting, potentially influencing investor sentiment and participation.

Risk Assessment

Risk Level: low — The filing is a standard proxy statement announcement and does not contain information that would immediately impact stock price.

Key Players & Entities

• Tesla, Inc. (company) — Registrant
• www.SupportTeslaValue.com (company) — Website launched by Tesla

FAQ

Key Financial Figures

• $11.8 billion — Texas Grew revenues from approximately $11.8 billion to $96.8 billion1 Turned around profita
• $96.8 b — ues from approximately $11.8 billion to $96.8 billion1 Turned around profitability from
• $2.2 billion — llion1 Turned around profitability from $2.2 billion loss to $15.0 billion profit2 Increased
• $15.0 billion — profitability from $2.2 billion loss to $15.0 billion profit2 Increased the value of the Comp
• $53.7 billion — Increased the value of the Company from $53.7 billion to $791.3 billion3 Designed and built t
• $791.3 b — ue of the Company from $53.7 billion to $791.3 billion3 Designed and built the best-sell
• $1.1 billion — w the energy business more than 5x from $1.1 billion to $6 billion6 Oversaw groundbreaking i
• $6 b — iness more than 5x from $1.1 billion to $6 billion6 Oversaw groundbreaking innovatio
• $650 billion — t capitalization by 1,000% and creating $650 billion in value for stockholders – that
• $5.93 billion — uded a one-time non-cash tax benefit of $5.93 billion for the release of valuation allowance

Filing Documents

• tm2326076d16_defa14a.htm (DEFA14A) — 48KB
• tm2326076d16_defa14aimg001.jpg (GRAPHIC) — 334KB
• tm2326076d16_defa14aimg002.jpg (GRAPHIC) — 141KB
• tm2326076d16_defa14aimg003.jpg (GRAPHIC) — 259KB
• tm2326076d16_defa14aimg004.jpg (GRAPHIC) — 112KB
• tm2326076d16_defa14aimg005.jpg (GRAPHIC) — 138KB
• tm2326076d16_defa14aimg006.jpg (GRAPHIC) — 282KB
• tm2326076d16_defa14aimg007.jpg (GRAPHIC) — 231KB
• tm2326076d16_defa14aimg008.jpg (GRAPHIC) — 287KB
• tm2326076d16_defa14aimg009.jpg (GRAPHIC) — 308KB
• tm2326076d16_defa14aimg010.jpg (GRAPHIC) — 336KB
• tm2326076d16_defa14aimg011.jpg (GRAPHIC) — 255KB
• tm2326076d16_defa14aimg012.jpg (GRAPHIC) — 168KB
• tm2326076d16_defa14aimg013.jpg (GRAPHIC) — 128KB
• 0001104659-24-048353.txt ( ) — 4153KB

Forward-Looking Statements

Forward-Looking Statements Certain statements in this document are forward-looking statements that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update any forward-looking statement contained in this document. PRIVILEGED & CONFIDENTIAL DRAFT PREPARED AT THE REQUEST OF COUNSEL FOR HYPOTHETICAL PLANNING PURPOSES ONLY Tesla © 2024 This is Not a Unilateral Decision Reincorporating in Texas Benefiting the Company, Our Mission and Our Stockholders Has been under consideration by independent directors for some time Approved by an independent & disinterested Special Committee Responsive to a tidal wave of communications from stockholders asking us to leave Delaware for a location more conducive to our growth plans The Delaware Court’s willingness to ignore the will of Tesla stockholders contradicts the democratic values we promote as a Company We Believe in the Rights of Our Stockholders. In Delaware, Your Vote was Not Respected. Bring Tesla Home to Texas. Protect Your Investment. Why Texas? Our global headquarters – and future – are in Texas Our largest manufacturing facility – Gigafactory Texas – is based there We have thousands of employees in Travis County, Texas Redomiciling requires NO change to headquarters, job, management, properties, facilities, headcount, obligations, assets, liabilities or net worth Texas corporate law is developed The state has invested in a specialty business court to handle corporate matters Why Not Delaware? Growing uncertainty about the future of Delaware corporate law The Delaware Court has demonstrated its ability and willingness to make decisions contrary to the will of our stockholders Recent and future litigation risks distracting us from executing on our m

Forward-Looking Statements

Forward-Looking Statements Certain statements in this document are forward-looking statements that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update any forward-looking statement contained in this document. SupportTeslaValue.com 1 Dear Fellow Stockholder, Tesla will hold its Annual Meeting of Stockholders on June 13, 2024, and we will be asking you to approve a number of important proposals recommended by the Tesla Board. Information about the proposals below, and others, are available at SupportTeslaValue.com. Proposals Recommended by the Tesla Board Background Over the past five years, thanks to the leadership of Tesla’s CEO Elon Musk and strong performance of the Tesla team under Elon’s management, Tesla has not only advanced its mission of accelerating the world’s transition to sustainable energy, but it has created tremendous value for you, the owners of the Company. Elon’s Accomplishments Since Board and Stockholders Approved 2018 CEO Performance Award Stockholders Approve 2018 CEO Performance Award In 2018, the Board of Directors asked stockholders to approve the 2018 CEO Performance Award (“Performance Award”) that incentivized Elon to meet staggering financial and operational objectives over a 10-year period. The 2018 Performance Award – which was approved by approximately 73% of all votes cast by disinterested stockholders – was: – 100% at-risk. Elon was entitled to entitled to receive NO salary, NO cash bonuses, and NO equity that would vest simply by the passage of time; instead, he was asked to deliver results that most thought were impossible. Elon’s only opportunity to receive any compensation at all for his work and leadership would be a 1

Forward-Looking Statements

Forward-Looking Statements Certain statements in this document are forward-looking statements that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update any forward-looking statement contained in this document. 1) Refers to 2017 and 2023 full-year revenue, respectively. 2) Refers to 2017 and 2023 net income, respectively. 2023 net income included a one-time non-cash tax benefit of $5.93 billion for the release of valuation allowance on certain deferred tax assets. 3) Refers to market capitalization as of March 21, 2018 (date of the stockholder approval) and end of 2023, respectively. 4) Refers to Model Y sales as reported in Q4 2023 Quarterly Update Presentation. 5) Refers to CO2 emissions avoided as reported in 2022 Impact Report. 6) Refers to 2017 and 2023 full-year energy generation and storage revenue. 7) 12 out of 16 milestones to be met 8) Market capitalization: 6-month trailing average AND 30-day trailing average to ensure value is sustained. 9) Earnings Before Interest, Taxes, Depreciation and Amortization excluding stock-based compensation 10) . On April 17, 2024, Tesla posted the following material to its website. Additional Information and Where to Find It Tesla has filed with the Securities and Exchange Commission (the “ SEC ”) a preliminary proxy statement on Schedule 14A with respect to its solicitation of proxies for Tesla’s 2024 annual meeting. Such proxy statement is in preliminary form and Tesla plans to file with the SEC, and furnish to its stockholders, a definitive proxy statement in connection with the 2024 annual meeting of stockholders (the “ Definitive Proxy Statement ”). The Definitive Proxy Statement will contain important information about the matters to be voted on

Forward-Looking Statements

Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 reflecting Tesla’s current expectations that involve risks and uncertainties. These forward-looking statements include, but are not limited to, statements concerning its goals, commitments, strategies and mission, its plans and expectations regarding the proposed redomestication of Tesla from Delaware to Texas (the “ Texas Redomestication ”) and the ratification of Tesla’s 2018 CEO pay package (the “ Ratification ”), expectations regarding the future of litigation in Texas, including the expectations and timing related to the Texas business court, expectations regarding the continued CEO innovation and incentivization under the Ratification, potential benefits, implications, risks or costs or tax effects, costs savings or other related implications associated with the Texas Redomestication or the Ratification, expectations about stockholder intentions, views and reactions, the avoidance of uncertainty regarding CEO compensation through the Ratification, the ability to avoid future judicial or other criticism through the Ratification, its future financial position, expected cost or charge reductions, its executive compensation program, expectations regarding demand and acceptance for its technologies, growth opportunities and trends in the markets in which we operate, prospects and plans and objectives of management. The words “anticipates,” “believes,” “continues,” “could,” “design,” “drive,” “estimates,” “expects,” “future,” “goals,” “intends,” “likely,” “may,” “plans,” “potential,” “seek,” “sets,” “shall,” “spearheads,” “spurring,” &ldqu

View Full Filing

View this DEFA14A filing on SEC EDGAR