Tesla Updates Proxy Materials on VoteTesla.com

TL;DR

Tesla dropped new proxy info on VoteTesla.com, shareholders need to check it for the upcoming vote.

AI Summary

On May 21, 2024, Tesla, Inc. filed a DEFA14A with the SEC, updating its proxy statement materials available on www.VoteTesla.com. This filing indicates that Tesla is providing additional information to shareholders regarding the upcoming proxy meeting and voting procedures. The company is incorporated in Delaware and its fiscal year ends on December 31st.

Why It Matters

This filing provides shareholders with updated information necessary for them to exercise their voting rights at the upcoming shareholder meeting, impacting corporate governance decisions.

Risk Assessment

Risk Level: low — This filing is a routine update to proxy materials and does not contain new financial performance data or significant strategic changes.

Key Players & Entities

• Tesla, Inc. (company) — Registrant
• www.VoteTesla.com (company) — Website for updated materials
• DEFA14A (document) — Filing type
• May 21, 2024 (date) — Date of website update and filing

FAQ

Key Financial Figures

• $15B — al shareholder return since March 20182 $15B profit turned around from a $2.2B loss1
• $2.2B — 20182 $15B profit turned around from a $2.2B loss1 ~$987M the overall impact from Gi
• $987M — rofit turned around from a $2.2B loss1 ~$987M the overall impact from Giga Texas to T
• $5.93 billion — uded a one-time non-cash tax benefit of $5.93 billion for the release of valuation allowance
• $50 billion — ses the company’s market value by $50 billion increments and at the same time has rev
• $49 billion — crements and he gets nothing if he gets $49 billion in market capitalization, plus he has t
• $99 billion — g zero. By the way, this guy can create $99 billion of [unintelligible] and get nothing. K
• $59 b — razy. So right now the company is worth $59 billion, they run at $50 billion incremen
• $100 billion — ncrements, so if he gets the company to $100 billion – Quick: Are you just talking ma
• $150 — d on market cap. Sorkin: If he gets to $150 and has to hit the operational numbers
• $650 b — magically, he would get the company to $650 billion, which is literally what the plan
• $55 billion — e would collect the equivalent of about $55 billion in compensation. Otherwise, he gets abs
• $650 Billion — zero. Quick: OK, what if he gets it to $650 Billion and then it immediately collapses to $5
• $500 b — on and then it immediately collapses to $500 billion, is it just hitting that market c
• $100 b — o get the company and the market cap to $100 billion, you then have to by the way hit

Filing Documents

• tm2413800d8_defa14a.htm (DEFA14A) — 54KB
• tm2413800d8_defa14a-img01.jpg (GRAPHIC) — 53KB
• tm2413800d8_defa14a-img04.jpg (GRAPHIC) — 89KB
• tm2413800d8_defa14a-img05.jpg (GRAPHIC) — 277KB
• tm2413800d8_defa14a-img06.jpg (GRAPHIC) — 206KB
• tm2413800d8_defa14a-img07.jpg (GRAPHIC) — 106KB
• tm2413800d8_defa14a-img08.jpg (GRAPHIC) — 125KB
• tm2413800d8_defa14a-img09.jpg (GRAPHIC) — 220KB
• 0001104659-24-063908.txt ( ) — 1540KB

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. Tesla © 2024 Vote Online Locate your control number on your proxy materials, visit the website listed and follow the instructions. If you have received proxy materials by e-mail, you can simply click the link and follow the instructions. Vote by Phone Registered stockholders can locate the number on your proxy materials, dial the number indicated and follow the prompts. Vote by QR Code If your proxy materials include a QR code, scan the QR code using your mobile device and follow the instructions. Vote by Mail Mark, sign and date the proxy card and return it in the pre-paid envelope provided. On May 20, 2024, Elon Musk posted the following on X. Included herein are stills and a transcript of the video in the post. Transcript of video in post: Andrew Ross Sorkin: We want to talk about stocks and the markets with you, but do you have a view about this. This guy is going to get nothing, but he only gets money, he only gets paid, if he raises the company’s market value by $50 billion increments and at the same time has revenue and adjusted EBITDA numbers. If he doesn’t get either, he gets nada. Ray Dalio: So, I don’t know the particulars of the deal, but if it’s just as you’re telling me I think it’s fabulous. Also, I mean, the man is Tesla. It’s his dream, he’s built the dream. And so, when we start to think about who is going to be the other person… Joe Kernen: Is there anything illusory about the dream, because there all people like [unintelligible] that sa

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