the Timing The council was able to avoid what could be A difficult investor vote On the request to political neutrality between the executives, yet Securities and Stock Exchange Committee Hikmat can exclude the electric cars manufacturer’s proposal to shareholders on this issue of its annual materials for the year 2025, according to a copy of the SEC letter obtained by luck.
the an offer It has been presented by Jay Bottira, 67, and a strong climate lawyer and an investor who has a contract contract in Tesla since 2010 Public subscription. Bottira neutral suggestion, if approved by shareholders, would have prohibited Tesla leadership It is made by political data, approvals, contributions to support, opposition to political parties or candidates. Potira, a retired businessman still holds millions of dollars from Tesla shares, is a supporter of difficult renewable energy and previously pressed for the creation of two parties from the two parties Solutions Solutions Cucus In the House of Representatives in 2016.
Bottira said he was disappointed in the result because he believed that the proposal would have helped Tesla to advance her “mission of accelerating sustainability”, which is seen as vital to the world. He said luck He does not want to see the company “endangered by unnecessary invasions in endless frictions of human policy. The Tesla brand must remain, and its mission, above that battle.”
“I hope that the Tesla Council will replace at least, knowing the intention and interest of the investor in the concept.” “They can exclude my suggestion from voting on technical foundations, but the issue – political perceptions still harm the brand Tesla, reduce sales, and emphasize government relations. I hope the council will find a way to improve this.”
Tesla Council was sent in August letter To SEC seeks Exclusion The proposed proposal from the material of its agent 2025 without risking an enforcement procedure from the organizers. Like most companies circulated publicly, Robotat, which is valued at $ 1.3 trillion, sends an agent to Tesla shareholders before its annual meetings each year. With the exception of the proposal, it means that investors will not get an opportunity to vote at the next meeting in November.
However, some of Tesla investors hope that the council will address more directly. Retail, investors with thousands of shares in the company provided Specific questions Regarding the role of CEO Elon Musk in politics – and his time spent on matters related to Tesla – on the platforms of the shareholders that Tesla uses to request information before the quarterly profit calls every three months since late 2024. The BUTEA’s proposal has been the first time that investors have obtained a vote directly on the issue of politics and their impact on the EV maker.
Although the proposal is not explicitly mentioned Musk, the CEO of Tesla has participated greatly in conservative Republican political activity since its donation Millions To Super Pac dedicated to the development of President Trump 2024 campaign. After the elections, Musk became a key player on the Trump side of the Oval Office and in Mar Lago, and it was a visual logo for the management of government efficiency (DOGE), and it often appears in the black baseball hats. Hunting friendship thunderous He falls In June, when I played a dispute between Musk and Trump on their social media platforms, x And social truth. Since then, the two have cut relationships.
In its message to the Supreme Education Council, the Tesla Council argued that the proposal sought the “Defense Administration” and that Tesla itself lacks power or authority to implement such a procedure. In its response, the committee agreed that the proposal is the accurate management and told Tesla that no enforcement procedure will be recommended if the council deleted it from the agent. He did not comment on the second part of the council’s argument to exclude the proposal.
“Upon reaching this situation, we did not find that it is necessary to address the alternative basis for the omission on which the company depends,” the SEC review team wrote in a letter to Xuehui Cassie Zhang. Zhang is the Assistant General Adviser to Tesla.
Tesla did not immediately respond to a request for comment.
“It seems that the proposal” micro -management “seems to be ridiculous because my suggestion was trying to address almost an existential problem for the company. “We hope that at least give to the administration and the council and encourage them to search for their own solutions to the problem.”
The Board of Directors of Tesla told investors in primary agents that the enforcement of the principles of proposed policy may require the company to “violate the laws of states, including those that limit the company’s ability to organize political discourse for its employees.” The council included this recommendation in pre -Boxes before issuing its mission to the Supreme Education Council. A final agent will be distributed soon to investors and publicly.
Poetra said previously luck The proposal was submitted after sending a message to the council in October 2024, and they clarified his concerns and not obtaining a response.
Tesla Movement Work Ethics Blog Employees are asked to avoid conflicting interests that contradict “may arise whenever your personal interests overlap, or they seem to interfere, with the interests of Tesla,” she says. The blog applies to all managers and employees of Tesla and it is reported that “the CEO, and all senior financial officials, including the main financial manager and accounting, are obligated to the provisions stipulated in moral behavior, conflicts of interests and compliance with the laws in force.”
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