Tesla is giving some lucky shareholders an inside look at its Gigafactory Texas. The company recently announced it would offer this unique tour to randomly selected shareholders who participated in a recent vote.

Exclusive Invite to Giga Texas

Just weeks ago, Tesla revealed that shareholders who voted their shares would have a shot at a tour of Gigafactory Texas. The tour would reportedly be guided by none other than Elon Musk and Chief Designer Franz von Holzhausen. On Friday, Martin Viecha, Tesla’s head of Investor Relations, confirmed on X (formerly Twitter) that the invites had been sent out, congratulating the winners.

“Invites to this factory tour with Elon and Franz have just been sent out! Congratulations!!” – Martin Viecha (@MartinViecha) June 8, 2024

The Significance of Giga Texas

Gigafactory Texas is Tesla’s largest private employer in Austin. It’s the production hub for the Model Y and the highly anticipated Cybertruck, both destined for the U.S. and nearby markets. Tesla is currently ramping up Cybertruck production and recently celebrated the production of 50 million 4680 battery cells at the facility.

Shareholder Engagement

The tour invite aligns with Tesla’s ongoing efforts to engage its shareholders. The company has been encouraging investors to vote on various proposals, including the ratification of Musk’s 2018 compensation plan and the re-incorporation of Tesla in Texas. These votes are crucial as Tesla navigates its annual shareholders meeting this week.

To drive participation, Tesla even launched a dedicated website urging shareholders to vote in favor of these proposals.

Martin Viecha’s Announcement

In a related note, Martin Viecha announced during Tesla’s Q1 2024 earnings call in April that he would be stepping down to spend more time with his family. However, he will remain with Tesla for “another couple of months or so.”

EVXL’s Take

Tesla’s initiative to involve shareholders more directly with company activities, like the Gigafactory tour, underscores its commitment to transparency and engagement. This move not only boosts investor confidence but also showcases the company’s impressive production capabilities. As Tesla continues to innovate and expand, these efforts to connect with shareholders and the public will likely strengthen its community and market position.

Photo courtesy of Jason Gates/ X / Tesla.