Most of TSLA is held by retail. Institutional investors are around 13%, Elon is around the same. (From memory)
Elon said he and his brother will abstain from the vote. They’re also going to spend millions to influence the vote.
It’d be pretty stupid for the shareholders to approve either. They also want to move the incorporation from Delaware to Texas, because apparently Delaware isn’t corporation friendly enough.
It’ll be interesting to see whether common sense or propaganda is more effective on TSLA retail shareholders.
Unless you have to mention that you’re a significant shareholder when making trades of the stocks, you have zero influence on what the company is doing.
No, most shareholder don’t have voice in big corp. Only a handful of shareholder who invest ton of cash can speak
Most of TSLA is held by retail. Institutional investors are around 13%, Elon is around the same. (From memory)
Elon said he and his brother will abstain from the vote. They’re also going to spend millions to influence the vote.
It’d be pretty stupid for the shareholders to approve either. They also want to move the incorporation from Delaware to Texas, because apparently Delaware isn’t corporation friendly enough.
It’ll be interesting to see whether common sense or propaganda is more effective on TSLA retail shareholders.
I’ve voted in quite a few board elections as a retail investor.
Employees on the other hand …
Unless you have to mention that you’re a significant shareholder when making trades of the stocks, you have zero influence on what the company is doing.