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Investors grow restless as Tesla inches toward key shareholder meeting deadline — and risks violating Texas law

  • Tesla risks violating Texas governance rules if it doesn't schedule its annual shareholder meeting within the 13-month deadline.
  • Twenty-seven institutional shareholders, managing $1.5 trillion in assets, demand Tesla publicly announce the meeting date for shareholder engagement.
  • Concerns arise over Tesla's declining sales, share prices, and CEO Elon Musk's political activities as the meeting deadline approaches.
  • Failure to schedule the meeting could lead shareholders to seek court intervention, as per Texas' Business Organization Code.

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