Tesla has to postpone AGM in late summer

The shareholders meeting of the e-car pioneer falls victim to the Californian corona measures. Tesla boss Elon Musk is expecting an appointment in August.

Because of the corona pandemic, electric car maker Tesla is postponing the annual shareholders’ meeting. On Twitter, Tesla boss Elon Musk announces a postponement of the annual general meeting scheduled for July 7. Until then, no major meetings are allowed, he writes as a justification.


He could not give a new date yet. “But I guess, probably a month or so later.” The meeting will probably take place at the manufacturing site in Fremont, California, Musk continues. The electric car pioneer’s share price had recently risen to more than $1,000.

A few days ago it became known that Tesla wanted to quickly build a new plant in his home country, USA. There are already concrete plans to build a factory in Travis County, Texas, which is slated to start this summer. This is shown by documents that the state’s Court of Auditors published on Thursday.

So far, Tesla has only one car factory in California in the United States. Another car plant was opened in Shanghai, one is under construction in Grünheide near Berlin. In view of the great demand for the new Model Y and other projects such as the Cybertruck, new production facilities have to be built quickly.

Author: Nabeel K
Email: nabeel@wheelsjoint.com



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