Tesla shares gain after announcing annual shareholder meeting

Tesla's TSLA.O shares are up 3% to $305.30 on Thur after the electric vehicle maker set a date for its annual shareholder meeting, just before a deadline under the Texas law

TSLA is set for gains after losing ground in the previous session

TSLA set Nov. 6 for its shareholder meeting, a day after a group of investors urged the Elon Musk-led company to pick a date, citing legal obligations

In last year's meeting, shareholders approved Musk's controversial $56 bln compensation package despite a Delaware court ruling that had previously voided it

Grok AI will be available in TSLA vehicles next week "at the latest", Musk said in a post on X on Thurs

Among 53 analysts that cover TSLA avg rating is "HOLD" and median PT is $303, per LSEG data

TSLA is down 24.3% YTD vs NASDAQ Composite Index's .IXIC 6.5% increase