Due to coronavirus restrictions in Silicon Valley, Tesla Inc. is delaying its annual shareholders meeting from July 7 probably until September 15. The electric car and solar panel company announced the delay in a regulatory filing Monday after CEO Elon Musk revealed it overnight on Twitter. The event likely will be combined with what Musk has touted as “Battery Day,” when the company is supposed to announce new battery technology that will work for 1 million miles and have longer range than current models. In the filing with the U.S. Securities and Exchange Commission, Tesla said its board believes that stockholders appreciate the “interpersonal connection and dynamic” of an in-person annual meeting. It reprinted Musk’s tweets saying Sept. 15 was a tentative date, and the meeting would be held at the company’s factory in Fremont, California.-AP

Source: The Standard June 22, 2020 13:30 UTC