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Tesla, GM face proxy battles next week

Tesla Inc. and General Motors Co. face potential proxy battles next week at their annual shareholder meetings amid very different trajectories for their share price and investor expectations.

Tesla TSLA, -0.15% which this year surpassed GM GM, +0.06% to become the No. 1 U.S. car maker by market capitalization, faces challenges related to its board of directors.

Meanwhile, GM is under pressure from David Einhorn’s Greenlight Capital to split the stock into two classes to create what Greenlight says would be “tens of billions of dollars” in shareholder value.

The companies are scheduled to hold their meetings on Tuesday, in Silicon Valley and in Detroit.

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