Tesla Files Proxy Statement for Annual Meeting

Ticker: TSLA · Form: DEFA14A · Filed: May 23, 2024 · CIK: 1318605

Tesla, Inc. DEFA14A Filing Summary
FieldDetail
CompanyTesla, Inc. (TSLA)
Form TypeDEFA14A
Filed DateMay 23, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$735 b, $5.93 billion, $11.8 b, $2.2 billion, $96.8 b
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, shareholder-meeting, corporate-governance

Related Tickers: TSLA

TL;DR

Tesla's proxy statement is out, shareholders vote soon on company direction.

AI Summary

Tesla, Inc. filed a Definitive Proxy Statement (DEFA14A) on May 23, 2024, related to its upcoming annual meeting. The company posted a presentation to its website, www.VoteTesla.com, which is considered soliciting material under SEC rules.

Why It Matters

This filing outlines the proposals and information shareholders will consider when voting on key company matters at the annual meeting, impacting corporate governance and strategic direction.

Risk Assessment

Risk Level: low — This is a routine proxy filing detailing information for shareholder voting, not indicating immediate financial risk.

Key Players & Entities

  • Tesla, Inc. (company) — Registrant
  • www.VoteTesla.com (company) — Website for proxy materials
  • May 23, 2024 (date) — Filing date

FAQ

What type of filing is this DEFA14A for Tesla, Inc.?

This is a Definitive Proxy Statement (DEFA14A) filed by Tesla, Inc. on May 23, 2024.

Where did Tesla post its presentation related to this filing?

Tesla posted its presentation to its website, www.VoteTesla.com.

What is the purpose of a DEFA14A filing?

A DEFA14A filing, or Proxy Statement, is used to solicit shareholder votes on important company matters.

Under which section of the SEC rules is this material considered soliciting material?

This material is considered soliciting material under Section 240.14a-12 of the SEC rules.

What is Tesla's fiscal year end?

Tesla's fiscal year ends on December 31.

Filing Stats: 4,434 words · 18 min read · ~15 pages · Grade level 13.9 · Accepted 2024-05-23 14:49:59

Key Financial Figures

  • $735 b — Tesla stockholders have seen more than $735 billion1 of market value creation Our fut
  • $5.93 billion — udes a one-time non-cash tax benefit of $5.93 billion for the release of valuation allowance
  • $11.8 b — 023. Six Years Ago Present Day Revenues $11.8 billion1 $2.2 billion loss2 Loss-making,
  • $2.2 billion — Ago Present Day Revenues $11.8 billion1 $2.2 billion loss2 Loss-making, ambitious company wi
  • $96.8 b — 2023 alone6 7x increase of revenues to $96.8 billion4 Industry-leading developer of au
  • $15.0 billion — Delivered 1.8 million vehicles in 2023 $15.0 billion profit5 © 2024 Tesla, Inc. 5 Emb
  • $53.7 — ion Committee © 2024 Tesla, Inc. $53.7 $100.0 $650.0 March 2018 2018 Award Low
  • $100.0 — mmittee © 2024 Tesla, Inc. $53.7 $100.0 $650.0 March 2018 2018 Award Lowest Mil
  • $650.0 M — © 2024 Tesla, Inc. $53.7 $100.0 $650.0 March 2018 2018 Award Lowest Milestone 20
  • $0.6 — Milestone 2018 Award Highest Milestone $0.6 $1.5 $14.0 FY 2017 Actual 2018 Award Lo
  • $1.5 — stone 2018 Award Highest Milestone $0.6 $1.5 $14.0 FY 2017 Actual 2018 Award Lowest
  • $14.0 — 2018 Award Highest Milestone $0.6 $1.5 $14.0 FY 2017 Actual 2018 Award Lowest Milest
  • $11.8 — Milestone 2018 Award Highest Milestone $11.8 $20.0 $175.0 FY 2017 Actual 2018 Award
  • $20.0 — tone 2018 Award Highest Milestone $11.8 $20.0 $175.0 FY 2017 Actual 2018 Award Lowest
  • $175.0 — 018 Award Highest Milestone $11.8 $20.0 $175.0 FY 2017 Actual 2018 Award Lowest Milest

Filing Documents

executive compensation plans go, Tesla’s is about as friendly to

executive compensation plans go, Tesla’s is about as friendly to shareholders as they come.” Andrew Ross Sorkin, The New York Times (January 23, 2018) Even compared with the bullish financial modelling that has propelled Tesla to its current valuation, its new executive pay targets outlined last week look pretty ambitious… [O]nly three companies had a market value of more than $650bn at the end of 2017: Apple, Microsoft and Alphabet (Google’s parent). GM’s market capitalisation is $61.5bn and Ford is worth $41bn.” Karl West, The Guardian (January 26, 2018) The unusual package is based entirely on performance, guaranteeing no salary and no bonus, and requires Musk to reach aggressive market capitalization and financial goals in order to be paid. He would also have to hold onto his shares for five years after he receives them before selling, a rare stipulation that’s viewed as particularly shareholder-friendly…Yet compensation experts said the biggest message Musk’s new pay plan may be designed to send is not just that Tesla intends to take an unusually performance-driven approach to paying its CEO. It’s that the company has galaxy-size ambitions for its growth and aims to rival the planet’s largest tech companies over the next decade.” Jena McGregor, Washington Post (January 23, 2018) © 2024 Tesla, Inc. And subsequent say-on-pay proposals and the election of members of the Compensation Committee have all received strong support from stockholders The 2018 Award Was Overwhelmingly Approved by Stockholders Our two say-on-pay proposals following the 2018 Award received strong support from stockholders Each of the members of the Compensation Committee who has stood for election after the 2018 Award has received strong support Support for Tesla’s Say-on-Pay Proposals1 Support for Compensation Committee Members at Next Annual Meeting1 73% of disinterested stockholders voted to

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