Elon Musk postpones annual shareholder meeting in Covid times

Tesla and SpaceX CEO Elon Musk has announced to postpone the annual shareholder meeting scheduled for July 7 owing to the Covid-19 pandemic.

Elon Musk also said the Tesla`s `Battery Day` is being delayed again and it may be combined with the annual investors` meeting later. Photo: Reuters

Tesla and SpaceX CEO Elon Musk has announced to postpone the annual shareholder meeting scheduled for July 7 owing to the Covid-19 pandemic. He also said the Tesla`s `Battery Day` is being delayed again and it may be combined with the annual investors` meeting later.

"We will have to postpone annual shareholder meeting, as still no large gatherings allowed by July 7th. Not sure of new date, but am guessing maybe a month or so later," Musk tweeted late Friday.

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On Tesla `Battery Day` event, he said: "Probably good to combine them, since they are converging in time. I`m hopeful we can announce a date after the July 4th week".

The "Powertrain and Battery Investor Day was set to tell more about the automaker`s latest development in powertrain and battery technology.

Last month, Musk updated Tesla`s upcoming event to add that it will focus just on batteries and not powertrain, reports Electrek.

Amid pressure from workers, Musk also announced that Juneteenth is "henceforth considered a US holiday at Tesla & SpaceX".

In a follow-up tweet, Musk clarified that this will "require the use of a paid-time-off day," like other holidays at the company.

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