In an effort to encourage shareholder participation, Tesla has announced an exciting opportunity for its investors. The company will be raffling a tour of the highly-anticipated Gigafactory Texas, accompanied by none other than CEO Elon Musk and Chief Designer Franz von Holzhausen.

The lucky winners will have the opportunity to explore the manufacturing lines of the Cybertruck and Model Y alongside Elon Musk and other Tesla executives. This exclusive tour is scheduled to take place on June 12th, the day before the Annual Stockholders' Meeting. Additionally, the winners will be granted a reserved seat at the Annual Stockholders' Meeting on June 13th.

Unlike previous shareholder initiatives, Tesla's latest move aims to reward those who have actively participated in the voting process. Shareholders will need to provide proof of voting their shares, without disclosing their vote preference. To be eligible for the tour drawing, shareholders must have held stocks as of April 15, 2024.

This opportunity further emphasizes the importance of the upcoming Texas vote. Tesla is in need of a high turnout, aiming to secure 50% of all outstanding shares. Failing to achieve this vote may have implications on the company's new compensation package, as well as potential legal challenges. The decision to move the Gigafactory to Texas could also face legal obstacles.

Tesla's governance issues have caused a considerable legal predicament, impacting both the company and its shareholders. The highly contested vote is seen as a significant turning point for Tesla's future.

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