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Elon Musk tweets Tesla will have to postpone its annual shareholder meeting

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Elon Musk, co-founder and chief executive officer of Tesla Motors.

Yuriko Nakao | Bloomberg | Getty Images

Tesla CEO Elon Musk tweeted late Friday that the company will have to postpone its annual shareholder meeting which was scheduled for July 7 due to the coronavirus outbreak.

“We will have to postpone annual shareholder meeting, as still no large gatherings allowed by July 7th. Not sure of new date, but am guessing maybe a month or so later,” Musk said in his tweet.

Tesla is facing pressure from proxy advisors Glass Lewis and Institutional Shareholder Services (ISS) who are both urging shareholders to vote to oppose the reelection of Robyn Denholm as board chair at the electric vehicle…



Source cnbc.com

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