Tesla wants to take some of its shareholders on a special tour of its Gigafactory in Texas. The tour will be led by Elon Musk and Franz von Holzhausen, who designed the Cybertruck. But there’s a condition for those who want to go.
To have a chance to join the tour, shareholders need to vote on Elon Musk’s pay package.
This offer was announced by Tesla on Tuesday. They will randomly pick 15 shareholders to join the tour, which will happen the day before the annual shareholder meeting on June 12. During the tour, participants will get to see how the Cybertruck and Model Y are made at the Gigafactory.
To enter the selection, Tesla shareholders must prove they owned company shares by April 15 and show they voted on the proposals for the upcoming meeting. The deadline to apply is June 7.
“You should only submit proof that you voted, not how you voted,” Tesla’s website says. “You do not need to vote for or against any proposals to be eligible for entry.”
Before the annual meeting, shareholders will vote on several things, including whether to bring back Musk’s pay package, which was rejected by a judge earlier this year. They will also decide on moving Tesla’s headquarters from Delaware to Texas and reelecting board members Kimbal Musk and James Murdoch.
Tesla has been trying hard to convince shareholders to vote for these proposals, especially Musk’s pay package, which was worth about $55 billion before it got canceled in January. The company says this pay plan is crucial for Tesla’s future success and has even paid for ads supporting it.
However, some investors disagree and urge others to vote against the proposals. A group of shareholders sent a letter to the Securities and Exchange Commission on May 21, asking investors to vote against Musk’s pay package and the reelection of Murdoch and Kimbal Musk. Proxy advisory firm Glass Lewis thinks the pay plan is too much and brings uncertain benefits and risks to investors.
