Image: Steve Jurvetson (CC BY 2.0)

Tesla shareholders support the company's course, voting results showed. During 2023 Shareholder Day, about 84% of shares votes for the appointment of JB Straubel to the Board of Directors, and about 95% for the re-election of Elon Musk.

Tesla has been urging shareholders to vote to include its former chief technology officer, JB Straubel, on the Board. This was part of a reorganization of the top management structure. Straubel was to replace Hiromichi Mizuno, who did not seek re-election. The proposal was one of five issues the company asked investors to vote on at its annual meeting.

Until Shareholder Day 2023, Tesla's board had eight members: Elon Musk, Kimbal Musk, Hiromichi Mizuno, Robyn Denholm, Ira Ehrenpreis, Joe Gebbia, James Murdoch, and Kathleen Wilson-Thompson.

While the news that shareholders had voted for Straubel's appointment to Tesla's Board of Directors became known immediately, the details of how many votes he received remained unknown. On May 22, the company posted Form 8-K, which contains all the details.

As can be seen from the form, Straubel received a total of 1,629,080,812 votes for his appointment to the Tesla board of directors. 261,498,153 voted against, 2,488,323 abstained. This means that about 84% of those who voted supported his appointment. Shareholders supported the company's course despite the fact that the consulting firm, Glass Lewis, recommended they vote against it.

Elon Musk received 1,804,966,970 votes for his re-election to the Tesla Board of Directors. 86,064,052 votes were against while 2,036,265 abstained. This means that Musk's candidacy was supported by about 95% of the shareholders.

© 2023, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts; follow him on Twitter

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