![freedom chevrolet austin freedom chevrolet austin](https://images.hgmsites.net/med/2011-chevrolet-volt-late-night-recharging-in-little-rock-arkansas-during-july-2010-freedom-drive_100315404_m.jpg)
But "Tesla does not have any formal policy commitments to respect the right to freedom of association, nor has it demonstrated how it would effectively operationalize such a commitment," the proposal said. In March, Musk invited labor union United Auto Workers (UAW) to hold a vote at Tesla's California factory. "In 2021, the National Labor Relations Board upheld a 2019 ruling that Tesla illegally fired a worker involved in union organizing, and that the CEO had illegally threatened workers regarding unionization," according to a stockholder proposal cited in Tesla's filing. Meanwhile, proposals by Tesla shareholders include corporate governance-related items such as the right of employees to form a union and Tesla's efforts to prevent sexual harassment and racial discrimination. If approved, the terms would be staggered over two years. Tesla will also ask shareholders to vote to reduce its board of directors' terms to two years from three. While a split has no bearing on a company's fundamentals, it could buoy the share price by making it easier for a wider range of investors to own the stock. Tesla said the split would enable its employees to "have more flexibility in managing their equity" and make its stock "more accessible to our retail shareholders."Īlphabet Inc (GOOGL.O), Apple Inc (AAPL.O)and Inc (AMZN.O)have also recently split their shares. If approved, it would be the company's first such action after a five-for-one split in August 2020.
![freedom chevrolet austin freedom chevrolet austin](http://www.cruisenewsonline.com/OldTown17thAnniversarySaturdayNiteCruise2007/54ChevyBelAir.jpg)
Shareholders will vote on Tesla's proposed stock split on Aug. They have fallen nearly 40% since Musk unveiled his stake in Twitter in early April, hurt in part by a strict lockdown in Shanghai that has affected Tesla's production.
![freedom chevrolet austin freedom chevrolet austin](https://vignette.wikia.nocookie.net/monstertruck/images/7/7b/Austin1203c.jpg)
Shares of Austin, Texas-based Tesla rose more than 1% in extended trading on Friday.