"Musk's criticism of ING Deutschland came as a response to the bank's comment to a Tesla shareholder. The shareholder, Maximilian Auer, noted that he has not received a response from the German bank's customer support on how he could vote with his TSLA shares. In response to the Auer's comment, ING Deutschland confirmed that it does not offer such a service."
""We do not offer the proxy voting process or the transmission of a control number. There is no legal obligation to do so for general meetings under foreign law," ING Deutschland wrote in its post. The firm's reply received a lot of criticism from users on X, with many stating that such comments could drive clients away. Elon Musk later weighed in with some strong words of his own, stating that the bank is effectively denying shareholders the ability to vote."
ING Deutschland confirmed it does not offer proxy voting services or transmission of control numbers for shareholders in foreign general meetings, telling a Tesla shareholder there is no legal obligation to provide such services. A Tesla shareholder, Maximilian Auer, reported a lack of customer support response about voting TSLA shares. The bank's reply drew criticism from users on X who warned such policies could drive clients away. Elon Musk posted on X saying denying shareholders the ability to vote "certainly should be a crime." The upcoming 2025 Tesla annual meeting will include a vote on Musk's CEO performance award that could increase his stake to 25%.
Read at TESLARATI
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