Amy's excellent lawyers have added a joinder to the Tornetta case (see excerpts below), and will hopefully be heard this Friday at the hearing of the motion to reconsider the January preliminary ruling.
They are making a difference, allowing us shareholders to be part of the fight at the Delaware Chancery Court.
Amy truly has assembled a rockstar legal team with
- Joe Grundfest, Former SEC Commissioner Stanford Law, Rock School of Corporate Governance;
- Don Verrilli, Former Solicitor General of the US, Founder Munger Tolles DC Office,
- Aychut Phadke, Federal and Delaware Complex Securities Litigation Specialist, Munger Tolles and
- Anthony Rickey, Margrave Law, Delaware Expert and Fee Objection Expert,
all of whom are not even sure they will ever get paid.
Tesla Shareholders, It's Time Again to Make Your Voice Heard:
Write to Your Fund Managers About Tesla's Proxy Votes! They have a huge voting power and we must make our voices heard.
Dear Fellow Tesla Shareholders,
As the upcoming Tesla shareholder meeting approaches, it is crucial that we, as investors, take action to ensure our voices are heard. The decisions made through this year's proxy voting will have a significant impact on the future of Tesla.
I urge each and every one of you to write to your fund management companies and express your concerns about how they plan to vote on the various proposals put forth. It is essential that we hold them accountable and ensure they are voting in a way that aligns with our values and promotes the long-term success of Tesla.
Do know that their past votes can be searched on the SEC website, so we will know how they voted (links provided, see below).
Here's what you can do:
1. Draft a letter to your fund management company, expressing your interest in their proxy voting intentions for Tesla. 2. Emphasize the importance of their voting decisions. 3. Request that they keep you informed of their voting plans and provide a clear rationale behind their choices. 4. Send the letter via email or postal mail to your fund manager's attention. Copy their management to this letter, I have prepared their email and mailing addresses, see in the comments.
To make this process easier, I have provided a template letter in the comments section below. Feel free to customize it to reflect your specific concerns and priorities.
Remember, our collective action can make a real difference. By holding our fund managers accountable and ensuring they vote in our best interests, we can help shape the future of Tesla and drive positive change in the market.
Let's stand together as shareholders and make our voices heard. Write to your fund managers today, please! @Vanguard, @statestreet, @fidelity, @blackrock, @capitalgroup
PS.: thank you to @willbank who pushed me to set this up.
As a Tesla shareholder, I am writing to express my strong interest in how you plan to vote the proxy votes for Tesla, Inc. in the coming weeks, starting in the week of April 29th and leading up to the shareholding meeting on June 13, 2024. Your voting decisions will have a significant impact on the company's future and the broader market.
I urge you to vote in a manner that promotes transparency, accountability, and sustainable growth for Tesla. Please keep us informed of your voting intentions and provide a clear explanation for your decisions.
We have noticed with interest that T Rowe Price has clearly reiterated its support for a new Stockholder vote on the 2018 compensation plan.
They wrote “With regard to the 2018 compensation, we do not think it’s fair to set out a new set of options subject to a fresh set of performance hurdles. The requirements of the 2018 package were extraordinarily ambitious — and they were delivered. It is not reasonable for investors to expect to re-absorb the canceled options and consider all that value creation to have been delivered to us for no consideration. Therefore, if it is legally advisable, we suggest simply subjecting the original 2018 package to a new shareholder vote.”
We hope you will do the same and will follow your voting decisions on the SEC website and remain attentive.
Thank you for your attention to this important matter.
🧵 1/14 @elonmusk
Please let me share my two cents on the much-needed offensive strategy to protect you and your companies. Let me clarify that I have no pretentions to know better than you and your team. I am worried. For you. Nothing to do with the stock. It's about you.
2/14
You commented on the fatigue the public had for Trump's controversies which made him lose the 2020 elections. Let's not go there with the important messages you have for the world. The success of Starlink in Ukraine and your interest in Twitter put a target on your back.
3/14
To sum it up
1.YES, to a hardcore proactive legal team. Go get them, and hard. The more, the better.
2.And at the same time YES to a small, highly professional communications team. I know you fear this is adding fuel to the fire. Hear me out, please.