Tesla seeking support from external investor

Nordic retail brokerages, including Avanza and Nordnet, are allowing their clients to vote at Tesla’s annual general meeting (AGM) on June 13.

The AGM is likely to be viewed as a vote on Tesla’s leadership, as major shareholders seem split on whether to approve the $56 billion compensation plan.

Tesla is seeking support from retail investors, who account for 48% of the company, an exceptionally high percentage, according to Bernstein.

Musk has declared he would contact brokers and banks who prevented investors from casting ballots, arguing that stockholders had the right to do so.

The move is in response to demands from users and Tesla’s popularity on its marketplace.


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