Tesla Inc. (TSLA) late Wednesday released the vote tallies for the proposals presented at its shareholder meeting last week, in which stockholders mostly voted with the company's recommendation and Chief Executive Elon Musk revealed it was moving the company's headquarters to Austin, Texas, from Palo Alto, Calif. Musk's brother Kimbal Musk and James Murdoch, the youngest son of News Corp. founder Rupert Murdoch, were reelected for three-year terms on the board. A proposal sponsored by Tesla to reduce board terms to two years did not get enough votes to pass. Another company-supported proposal, which sought to end supermajority voting requirements, also did not garner enough votes, according to the filing.
(END) Dow Jones Newswires
October 13, 2021 16:42 ET (20:42 GMT)
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