Tesla Directors Get Softer Support, Shareholder Proposal Gains Traction

Tesla Directors Get Softer Support, Shareholder Proposal Gains Traction
The Tesla logo is seen outside a dealership in the Brooklyn borough of New York on April 26, 2021. Shannon Stapleton/Reuters
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Electric carmaker Tesla Inc. on Wednesday reported lower support than usual for two directors at its recent shareholder meeting, and greater support for a call to review the company’s use of mandatory arbitration after a court decision in favor of a temporary employee who accused Tesla of racial discrimination.

The votes indicated growing shareholder dissatisfaction at the company.