Transcription of TESLA, INC.
1 PRE 14A 1 PRE 14A UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 20549 SCHEDULE 14A INFORMATIONP roxy Statement Pursuant to Section 14(a)of the Securities Exchange Act of 1934(Amendment No. )Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6 (e) (2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section (c) or Section , INC. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant)Payment of Filing Fee (Check the appropriate box): No fee required.
2 Fee computed on table below per Exchange Act Rules 14a-6 (i) (1) and 0-11. (1)Title of each class of securities to which transaction applies: (2)Aggregate number of securities to which transaction applies: (3)Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee iscalculated and state how it was determined): (4)Proposed maximum aggregate value of transaction: (5)Total fee paid:$ Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
3 (1)Amount previously paid: (2)Form, Schedule or Registration Statement No.: (3)Filing Party: (4)Date Filed: NOTICE OF 2021 ANNUAL MEETING OF STOCKHOLDERSTO BE HELD ON OCTOBER 7, 2021 Dear Tesla Stockholders:We are pleased to inform you that our 2021 Annual Meeting of Stockholders (the 2021 Annual Meeting ) will be held on Thursday, October 7,2021, at 2:30 Pacific Time, at Tesla s Fremont Factory located at 45500 Fremont Boulevard, Fremont, CA 94538. For your convenience, we willalso webcast the 2021 Annual Meeting live via the Internet at The agenda of the 2021 Annual Meeting will bethe following items of business, which are more fully described in this proxy statement: Agenda Item Board Vote Recommendation Tesla Proposals Tesla proposal to elect two Class II directors to serve for a term of three years, subject tothe approval of Proposal Two, or until their respective successors are duly elected andqualified ( Proposal One ).
4 FOR Tesla proposal for adoption of amendments to certificate of incorporation to reduce directorterms to two years ( Proposal Two ). FOR Tesla proposal for adoption of amendments to certificate of incorporation and bylaws toeliminate applicable supermajority voting requirements ( Proposal Three ). NONE Tesla proposal to ratify the appointment of PricewaterhouseCoopers LLP as Tesla sindependent registered public accounting firm for the fiscal year ending December 31, 2021( Proposal Four ). FOR Stockholder Proposals stockholder proposal regarding reduction of director terms to one year, if properlypresented ( Proposal Five ).
5 AGAINST stockholder proposal regarding additional reporting on diversity and inclusion efforts, ifproperly presented ( Proposal Six ). AGAINST stockholder proposal regarding reporting on employee arbitration, if properly presented( Proposal Seven ). AGAINST stockholder proposal regarding assigning responsibility for strategic oversight of humancapital management to an independent board-level committee, if properly presented( Proposal Eight ). AGAINST stockholder proposal regarding additional reporting on human rights, if properly presented( Proposal Nine ). AGAINST All stockholders as of close of business on August 9, 2021 are cordially invited to attend the 2021 Annual Meeting in person.
6 Please read thisproxy statement carefully to ensure that you have proper evidence of stock ownership as of August 9, 2021, as we will not be able toaccommodate guests without such evidence at the 2021 Annual to evolving regulations regarding travel and gatherings, we will announce more specific details regarding check-in proceduresfor the 2021 Annual Meeting closer to the date of the 2021 Annual Meeting. We are providing our proxy materials to our stockholders over the Internet. This reduces our environmental impact and our costs while ensuringour stockholders have timely access to this important information. Accordingly, stockholders of record at the close of business on August 9, 2021 willreceive a Notice of Internet Availability of Proxy Materials (the Notice of Internet Availability ) with details on accessing these materials.
7 Beneficialowners of Tesla common stock at the close of business on August 9, 2021 will receive separate notices on behalf of their brokers, banks or otherintermediaries through which they hold vote is very important. Whether or not you plan to attend the 2021 Annual Meeting, we encourage you to read the proxystatement and vote as soon as possible. For specific instructions on how to vote your shares, please refer to the section entitled Questions and Answers About the 2021 Annual Meeting and Procedural Matters and the instructions on the Notice of InternetAvailability or the notice you receive from your broker, bank or other you for your ongoing support of Tesla.
8 Elon Musk Robyn Denholm Although we currently intend to hold the 2021 Annual Meeting on October 7, 2021 and in person, we will continue to monitor public health and travelsafety protocols required or recommended by federal, state and local governments. If necessary or advisable to protect our personnel andstockholders, we will change the date, time, location and/or format of the 2021 Annual Meeting and/or require specific attendance conditions orprocedures. If we do so, we will publicly announce any such changes in advance, such as through a press release and/or a filing with the Securities andExchange Commission.
9 PROXY STATEMENTFOR 2021 ANNUAL MEETING OF STOCKHOLDERST able of Contents PageIMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON OCTOBER 7, 2021 1 QUESTIONS AND ANSWERS ABOUT THE 2021 ANNUAL MEETING AND PROCEDURAL MATTERS 1 PROPOSAL ONE TESLA PROPOSAL FOR ELECTION OF DIRECTORS 9 General 9 Nominees for Class II Directors 9 Information Regarding the Board and Director Nominees 9 PROPOSAL TWO TESLA PROPOSAL FOR ADOPTION OF AMENDMENTS TO CERTIFICATE OF INCORPORATION TO REDUCE DIRECTOR TERMS TO TWO YEARS 13 General 13 Summary of the Proposed Amendment 13 Reasons for the Proposed Amendment 14 PROPOSAL THREE TESLA PROPOSAL FOR ADOPTION OF AMENDMENTS TO CERTIFICATE OF INCORPORATION AND BYLAWS TO ELIMINATE APPLICABLESUPERMAJORITY VOTING REQUIREMENTS 15 General
10 15 Summary of the Proposed Amendments 15 Rationale for the Proposal 16 PROPOSAL FOUR TESLA PROPOSAL FOR RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 17 General 17 Principal Accounting Fees and Services 17 Pre-Approval of Audit and Non-Audit Services 17 PROPOSAL FIVE STOCKHOLDER PROPOSAL REGARDING REDUCTION OF DIRECTOR TERMS TO ONE YEAR 18 Stockholder Proposal and Supporting Statement 18 Opposing Statement of the Board 19 PROPOSAL SIX STOCKHOLDER PROPOSAL REGARDING ADDITIONAL REPORTING ON DIVERSITY AND INCLUSION EFFORTS 20 Stockholder Proposal and Supporting Statement 20 Opposing Statement of the Board 21 PROPOSAL SEVEN STOCKHOLDER PROPOSAL REGARDING REPORTING ON EMPLOYEE ARBITRATION 22 Stockholder Proposal and Supporting Statement 22 Opposing Statement of the Board 23 PROPOSAL EIGHT STOCKHOLDER PROPOSAL REGARDING ASSIGNING RESPONSIBILITY FOR STRATEGIC OVERSIGHT OF HUMAN CAPITAL MANAGEMENT TO ANINDEPENDENT BOARD-LEVEL COMMITTEE 24 Stockholder Proposal and Supporting Statement 24 Opposing Statement of the Board 25 PROPOSAL NINE STOCKHOLDER PROPOSAL REGARDING ADDITIONAL REPORTING ON HUMAN RIGHTS 26 Stockholder Proposal and Supporting Statement 26 Opposing Statement of the Board 27 CORPORATE