In his remarks, Musk said Tesla, which is on track to deliver its first affordable Model 3 next month, will unveil a semi-truck in September. In Omaha, eager shareholders arrive early and rush for the best seats when the doors open. Tesla CEO Elon Musk took no questions from the floor, unlike last year, although he did answer 20 questions from tweets submitted in advance.
Eric Schmidt, Alphabet’s executive chairman, answered all questions put to him by those in the auditorium during the far-briefer meeting Buffett and Munger spent six hours answering shareholders’ questions. Berkshire, Tesla and Google all provide real-time video of the event.īut the trio aren’t alike in how they interact with shareholders. Unlike many others, Berkshire welcomes the press. Both Alphabet and Tesla have tremendous potential to turn their shareholder meetings into learning experiences for young people.īeyond requirements that only registered shareholders can vote, companies can develop their own procedures. Read: Warren Buffett is better in person - skip the webcast and schlep to Omahaīut Berkshire shouldn’t have a monopoly on excitement.
And neither Tesla nor Alphabet have as long a history. It must be conceded that Berkshire’s long-running Warren Buffett/Charlie Munger show is unlike any of the meetings that publicly traded companies must convene annually to comply with securities law. Gathering on May 6, dubbed “Woodstock for capitalists,” drew 35,000 to Omaha and was an all-day affair in the city’s main sports arena.
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