tesla inc shareholders on thursday approved a proposal expected to lead to a 3for1 stock split and sided with the company on most of the proposals up for a vote tesla tsla announced preliminary vote results at its gigafactory in austin its new corporate headquarters at the end of an official shareholder meeting that was followed by a speech and questionandanswer session with chief executive elon musk the electriccar maker said the stock split its second in two years would provide its employees with more flexibility and make the stock more accessible to retail investors tesla performed a 5for1 stock split in august 2020 and its shares have increased 31 since then they closed thursday at 92590 up 04 shareholders also approved the reelection of two board members despite being urged against it by proxy advisory firms glass lewis  co and institutional shareholder services martin viecha head of investor relations for tesla announced that the company proposals to reduce director terms to two years from three years and to remove the supermajority voting requirement for proposals had been approved by investors but failed to hit the twothirds threshold of total shares outstanding needed to make the votes official in addition a shareholder proposal for shareholder proxy access passed he said it would give shareholders the ability to nominate board members see influential proxy advisory firms urge against voting for tesla board members for most shareholder proposals seven other shareholder proposals failed according to the preliminary results they included calls for reports on antiharassment and discrimination efforts and on mandatory arbitration shareholders had also urged tesla to adopt a policy on freedom of association and collective bargaining the company expects to file a final tally of the shareholder votes within four business days as required viecha said