Activist investor group asks SEC to investigate Tesla over plan to shrink board [MSNBC.com]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: MSNBC.com
In this articleElon Musk, here seen at an event in New York in early-May, is being aggressively wooed to set up facilities to produce his electric vehicles "end-to end" in resource-rich Indonesia.Taylor Hill | Getty Images Entertainment | Getty ImagesActivist investorsSOC Investment GroupTesla announced in its June preliminary proxy filing thatOracleFormerly known as CtW Investment Group, SOC argues that Tesla's plan and Elon Musk's continued use of social media to publish material business info without preapproval from a securities lawyer violate the terms of a settlement agreement that Tesla and Musk struck with the SEC in 2018.SOC's research director Rich Clayton told CNBC this week that his group has been concerned for a long time about "non-independence on Tesla's board." He referred to Tesla's 2016 acquisition of SolarCity, a company founded by Musk's first cousins, funded by Musk and where he served on the board."The board has repeatedly made decisions not in the long-term best
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- 4/23/24 - Form DEFA14A
- TSLA's page on the SEC website