Elon Musk Is Right Leader for Tesla, Says Chair

Succession Planning & Leadership - The board has a succession plan in place, including a "plan for a plan," particularly if something untoward were to happen [2] - A robust succession plan is tied to unlocking the last two tranches of the performance plan [3] - There is a contingency plan with individuals both within and outside of Tesla as near-term options if Elon Musk were to leave [3] - The company believes Elon Musk is the right leader for the next decade to deliver the plan and opportunities [5] Shareholder Vote & Potential Outcomes - There is a very real risk that Ireland leaves if the vote is a no [1] - A "no" vote has implications for Elon Musk's leadership and the performance plan itself [2] - It's too early to call the outcome of the vote, as most investors wait until the last minute to vote [6] - The company is focused on answering shareholder questions regarding the annual shareholder meeting agenda [4] - The company is meeting with institutional investors to address their questions [6] - Some investors, like the pension fund in Florida, are making their votes public [7]