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SEC Issues No-Action Letter to Tesla, Clearing Path for Retail Shareholder Voting Plan

On September 29, Vlad Tenev, co-founder of Robinhood, announced that the U.S. SEC issued a no-action letter to Tesla on the same day, removing obstacles for its plan to empower retail investors in shareholder voting. Tenev stated that when millions of individuals hold shares in a public company, they should be able to exercise their voting rights more conveniently. His team is collaborating with Tesla to implement the project and has already provided features within the app for shareholder information access, retail voting, and real-time Q&A during earnings calls, with more tools to be launched in the future.

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