Due to the fact that large meetings are still not allowed, Tesla will postpone the annual Tesla Shareholder Meeting, which was previously scheduled for July 7. Due to the current situation, the Tesla Shareholder Meeting and Battery Day will be merged and held on the same day.
Tesla CEO Elon Musk via Twitter said today that the estimated date for the Tesla Shareholder Meeting and Battery Day is September 15th. This meeting will include a tour of cell production system.
Everyone is looking forward to Battery Day, which was due to take place in the spring of 2020. Topics that will be discussed may include the most important and interesting developments in the field of battery.
- Breaking the $100/kWh at Gigafactory and increasing volume production to more than 1 TWh
- Reduction in battery production costs
- Removal of wet electrode from production process
- Implementation of Maxwell, Hibar, Silion (?)
- Increase in energy density and battery longevity through chemistry improvements
- Jeff Dahn research - 1 million mile battery
- Maxwell Dry Battery Electrode - 16x production capacity increase and 10-20% cost reduction
- Battery recycling for reuse of raw materials
- Deeper level partnerships with suppliers to fulfill battery needs
And, according to Musk, it will include a tour of cell production system.
The Tesla Shareholder Meeting agenda includes 7 items.
Tesla's Board of Directors recommends voting “FOR” for three issues:
- A Tesla proposal to elect three Class I directors to serve for a term of three years or until their respective successors are duly elected and qualified (“Proposal One”).
- A Tesla proposal to approve executive compensation on a non-binding advisory basis (“Proposal Two”).
- A Tesla proposal to ratify the appointment of PricewaterhouseCoopers LLP as Tesla’s independent registered public accounting firm for the fiscal year ending December 31, 2020 (“Proposal Three”).
The board recommends an “AGAINST” vote for four shareholder proposals:
- A stockholder proposal regarding paid advertising, if properly presented (“Proposal Four”).
- A stockholder proposal regarding simple majority voting provisions in our governing documents, if properly presented (“Proposal Five”).
- A stockholder proposal regarding reporting on employee arbitration, if properly presented (“Proposal Six”).
- A stockholder proposal regarding additional reporting on human rights, if properly presented (“Proposal Seven”)
This meeting promises to be eventful and interesting.