<SEC-DOCUMENT>0001214659-22-008643.txt : 20220706
<SEC-HEADER>0001214659-22-008643.hdr.sgml : 20220706
<ACCEPTANCE-DATETIME>20220706130747
ACCESSION NUMBER:		0001214659-22-008643
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220706
DATE AS OF CHANGE:		20220706
EFFECTIVENESS DATE:		20220706

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tesla, Inc.
		CENTRAL INDEX KEY:			0001318605
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		IRS NUMBER:				912197729
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34756
		FILM NUMBER:		221068084

	BUSINESS ADDRESS:	
		STREET 1:		3500 DEER CREEK RD
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304
		BUSINESS PHONE:		650-681-5000

	MAIL ADDRESS:	
		STREET 1:		3500 DEER CREEK RD
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TESLA MOTORS INC
		DATE OF NAME CHANGE:	20050222

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Canadian Shareholder Association for Research & Education
		CENTRAL INDEX KEY:			0001782324
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		1155 ROBSON STREET
		STREET 2:		SUITE 510
		CITY:			VANCOUVER
		STATE:			Z4
		ZIP:			V6E 1B5
		BUSINESS PHONE:		604-408-2500

	MAIL ADDRESS:	
		STREET 1:		1155 ROBSON STREET
		STREET 2:		SUITE 510
		CITY:			VANCOUVER
		STATE:			Z4
		ZIP:			V6E 1B5
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>o75222px14a6g.htm
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF EXEMPT SOLICITATION (VOLUNTARY SUBMISSION)
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NAME OF REGISTRANT: Tesla, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NAME OF PERSON RELYING ON EXEMPTION: Shareholder
Association for Research &amp; Education (SHARE)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ADDRESS OF PERSON RELYING ON EXEMPTION: Suite 510,
1155 Robson St., Vancouver, BC, Canada, V6E 1B5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Written materials are submitted pursuant to Rule
14a-6(g)(1) promulgated under the Securities Exchange Act of 1934:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RE: Support FOR: Item #11 Stockholder Proposal
Requesting Adoption of a Freedom of Association and Collective Bargaining Policy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Annual Meeting: August 4, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Contact: Simon Lewchuk, Manager Corporate Engagement
&amp; Advocacy, SHARE, slewchuk@share.ca</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 5, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To Tesla Shareholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>We are urging stockholders to vote FOR Item #11 (Stockholder Proposal
Requesting Adoption of a Freedom of Association and Collective Bargaining Policy) at the Tesla, Inc. Shareholder Meeting on August 4,
2022.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The proposal calls for Tesla, Inc.&#8217;s (&#8220;Tesla&#8221; or
the &#8220;Company&#8221;) board of directors to adopt and publicly disclose a policy on its commitment to respect the rights to freedom
of association and collective bargaining in its operations, as reflected in the International Labour Organization (ILO) <I>Declaration
on Fundamental Principles and Rights at Work, </I>including a commitment to non-interference when employees exercise their right to form
or join trade unions, and a description of how the Company will identify and remedy any misaligned practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As you review the proposal, we would like to draw your attention to
the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Rationale for a YES Vote:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 17.85pt">-</TD><TD>Contrary to what the Management implies in its 2022 Proxy Statement, the Company&#8217;s current policy commitments do <B>not</B>
constitute a freedom of association and collective bargaining policy. <B>Tesla&#8217;s Human Rights Policy, although it references the
United Nations&#8217; Universal Declaration for Human Rights (UDHR), is notable for <U>failing to mention freedom of association or collective
bargaining</U></B>, despite highlighting several other specific human rights.<SUP>1</SUP> Compliance with local law does not equate to
respect for freedom of association, as many U.S. states and jurisdictions limit workers&#8217; ability to exercise these rights. Tesla&#8217;s
<B>Supplier Code of Conduct</B> &#8211; which does include a provision on freedom of association &#8211; <B>does not apply to the company&#8217;s
own operations, thereby creating a double standard for the company on the topic.<SUP>2</SUP></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> <FONT STYLE="font-size: 10pt">https://www.tesla.com/legal/additional-resources</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> <FONT STYLE="font-size: 10pt">https://www.tesla.com/sites/default/files/about/legal/tesla-supplier-code-of-conduct.pdf</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 17.85pt">-</TD><TD>Since at least 2017, public reports allege that Tesla has repeatedly used anti-union tactics to undermine workers&#8217; ability to
join or form a union, including threats and firing a worker for attempting to form a union.<SUP>3</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD>The CEO has contributed to a significant governance gap by publicly promising the company won&#8217;t interfere in unionization efforts
at its facilities<SUP>4</SUP>, despite a lack of corresponding policy commitments or accountability mechanisms to follow through on this
promise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD>These reports of Tesla&#8217;s failure to properly uphold freedom of association and collective bargaining rights, combined with the
related governance gap, exposes shareholders to significant reputational, operational, legal and regulatory risks.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD>Considering the breadth and the depth of Tesla&#8217;s controversies around freedom of association, it is crucial for shareholders
to understand the Company&#8217;s commitment to freedom of association and collective bargaining.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD>By asking the Company&#8217;s board of directors to adopt and publicly disclose a policy on its commitment to respect the rights to
freedom of association and collective bargaining in its operations, the proposal addresses the disconnect between reports of the company&#8217;s
anti-union activities on one hand, and the CEO&#8217;s public statements and company expectations of its suppliers on the other hand.
It is essential that the company clarify its stance on freedom of association and that there be accountability mechanisms.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B><U>Tesla has repeatedly interfered with freedom of association and collective bargaining rights </U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In its 2022 Proxy Statement, Tesla says the &#8220;regard for human
rights is core to our mission of promoting a sustainable future&#8221;, and that it, &#8220;respect[s] internationally recognized human
rights in all the areas we operate&#8221;.<SUP>5</SUP> The company goes on to describe some actions it has taken to comply with local
laws related to freedom of association and collective bargaining, claiming that, &#8220;these actions speak for themselves&#8221;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">According to numerous reports, however, Tesla&#8217;s actions speak
to a different reality.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Over the past years, Tesla has been subject to overwhelming negative
media coverage in the U.S. and internationally accusing the Company of limiting these fundamental rights. Reports document the use of
several anti-union tactics, including intimidation strategies, retaliation actions and monitoring systems. These tactics are irreconcilable
with Tesla&#8217;s claims about respecting freedom of association and collective bargaining rights.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> <FONT STYLE="font-size: 10pt">https://www.cnbc.com/2017/04/25/workers-involved-in-union-activities-say-tesla-is-illegally-intimidating-them.html;
https://www.theguardian.com/technology/2018/sep/10/tesla-workers-union-elon-musk; https://money.cnn.com/2017/10/26/technology/tesla-uaw-firings/index.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> <FONT STYLE="font-size: 10pt">https://www.businessinsider.com/elon-musk-taunts-uaw-invitation-to-hold-tesla-union-vote-2022-3</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> <FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1318605/000156459022024064/tsla-def14a_20220804.htm">https://www.sec.gov/Archives/edgar/data/1318605/000156459022024064/tsla-def14a_20220804.htm</A></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For example:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18.15pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Over 2017 and 2018, Tesla factory workers accused the company of firing them due to union organizing efforts, citing a &#8220;culture
of fear&#8221;.<SUP>6</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18.15pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>In 2018, a Tesla employee accused the company of stopping him from handing out pro-union flyers outside a company facility.<SUP>7</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18.15pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>Over 2017 and 2018, Tesla hired a PR firm to monitor an employee Facebook group and conduct research on union organizers on social
media.<SUP>8</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Regulators have also determined that the company violated workers&#8217;
rights.</B> In March 2021, the National Labor Relations Board upheld a 2019 ruling that Tesla illegally fired a worker involved in union
organizing, and that the CEO had illegally threatened workers regarding unionization.<SUP>9</SUP> Specifically, the NLRB ruled that Tesla
had violated the National Labor Relations Act by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.15pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD>Coercively interrogating multiple employees about their protected activities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.15pt"></TD><TD STYLE="width: 17.85pt">o</TD><TD>Disciplining and discharging employees for their protected activities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54.15pt"></TD><TD STYLE="width: 17.85pt">o</TD><TD>Maintaining an overly broad media contact provision in its confidentiality agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 54.15pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD>Threatening employees with loss of their stock options if they unionized.<SUP>10</SUP></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In our view, these practices are incompatible with the freedom of association
and collective bargaining rights as guaranteed by the ILO and the UN Declaration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B><U>The Company has a significant governance gap on freedom of association and collective bargaining in its operations</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The company CEO recently invited labor unions to organize a vote at
Tesla&#8217;s California factory without interference. However, <U>Tesla does not have any explicit policy commitments to respect the
right to freedom of association and collective bargaining in its operations, nor has it demonstrated how it would effectively implement
such a commitment</U>.<SUP>11</SUP></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> <FONT STYLE="font-size: 10pt">https://www.cnbc.com/2017/04/25/workers-involved-in-union-activities-say-tesla-is-illegally-intimidating-them.html;
https://www.theguardian.com/technology/2018/sep/10/tesla-workers-union-elon-musk; https://money.cnn.com/2017/10/26/technology/tesla-uaw-firings/index.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> <FONT STYLE="font-size: 10pt">https://www.reuters.com/article/us-tesla-nlrb/worker-testifies-that-tesla-stopped-him-from-organizing-union-idUSKBN1J803Z</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> <FONT STYLE="font-size: 10pt">https://www.cnbc.com/2022/06/02/tesla-paid-pr-firm-to-surveil-employees-on-facebook-in-2017-union-push.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> <FONT STYLE="font-size: 10pt">https://www.nytimes.com/2021/03/25/business/musk-labor-board.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> <FONT STYLE="font-size: 10pt">https://www.xperthr.com/news/nlrb-rules-tesla-violated-workers-rights-during-union-campaign/49838/
; https://www.forbes.com/sites/joewalsh/2021/03/25/federal-labor-board-orders-elon-musk-to-delete-tweet/?sh=7b352eb63576</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> <FONT STYLE="font-size: 10pt">https://www.reuters.com/business/autos-transportation/tesla-chief-musk-invites-union-uaw-hold-vote-california-factory-2022-03-03/</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This gap between public rhetoric and actual company policy, along with
the negative media reports mentioned above, represents material reputational, regulatory, legal and operational risks, and creates uncertainty
for the workforce.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In its 2022 Proxy Statement, the Company states that, &#8220;<I>We
endorse and base our definition of human rights on the United Nations Universal Declaration for Human Rights (UDHR). The UDHR focuses
on dignity, respect and equality, without discrimination, and recognizes the right to freedom of association and collective bargaining</I>.&#8221;<SUP>12</SUP>
While it is true that the UDHR recognizes these rights, <U>Tesla has curiously omitted any mention whatsoever of freedom of association
and collective bargaining from policy commitments pertaining to its operations</U>, including the Company&#8217;s Human Rights Policy
and Code of Business Ethics.<SUP>13</SUP> <B>Simply mentioning the UDHR does not constitute or imply a policy commitment to freedom of
association and collective bargaining, nor has the company committed to not interfere with union rights and collective bargaining or prohibit
intimidation and retaliation.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In its 2020 assessment, the Corporate Human Rights Benchmark scored
Tesla a dismal 6.3 out of 100 citing, amongst other shortcomings, the company&#8217;s policy gaps related to freedom of association and
collective bargaining.<SUP>14</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Many of Tesla&rsquo;s peers, including Adient<SUP>15</SUP>, Aptiv<SUP>16</SUP>, Dana Incorporated<SUP>17</SUP>,
Ford<SUP>18</SUP>, General Motors<SUP>19</SUP>, Goodyear<SUP>20</SUP>, Lear<SUP>21</SUP> and Visteon<SUP>22</SUP> explicitly reference
freedom of association in their human rights policies, which are applicable to operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Further, the company claims in its 2022 Proxy Statement that, &#8220;<I>Our
commitment to human rights is so deeply ingrained in our values that we also require all of our suppliers to follow our Supplier Code
of Conduct, which mandates our suppliers to respect the right of all workers to form and join trade unions of their own choosing, to bargain
collectively, to engage in peaceful assembly, as well as respect the right of workers to refrain from such activities</I>.&#8221; Tesla&#8217;s
Supplier Code of Conduct is just that: <U>it applies to suppliers, not the company&#8217;s own operations. </U><B>Pointing to an expectation
of suppliers that the company does not explicitly hold itself to does not address the substance of the proposal.</B></P>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>12</SUP> <FONT STYLE="font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1318605/000156459022024064/tsla-def14a_20220804.htm">https://www.sec.gov/Archives/edgar/data/1318605/000156459022024064/tsla-def14a_20220804.htm</A></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> <FONT STYLE="font-size: 10pt">https://www.tesla.com/legal/additional-resources</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> <FONT STYLE="font-size: 10pt">https://assets.worldbenchmarkingalliance.org/app/uploads/2020/11/Tesla-CHRB-scorecard-2020.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>15</SUP></FONT> https://investors.adient.com/~/media/Files/A/Adient-IR/goverance-docs/adient-ethics-policy-nov-2016.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> https://www.aptiv.com/docs/default-source/legal-statements/diversity-equality-and-human-rights-policy.pdf?sfvrsn=a14b2e3e_2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>17</SUP></FONT> https://www.dana.com/company/sustainability-and-social-responsibility/governance-ethics-and-compliance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>18</SUP></FONT> https://corporate.ford.com/content/dam/corporate/us/en-us/documents/reports/human-rights-report.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>19</SUP></FONT> https://www.gmsustainability.com/_pdf/policies/GM_Global_Human_Rights_Policy.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>20</SUP></FONT> https://corporate.goodyear.com/us/en/about/mission/human-rights-policy.html</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> https://www.aptiv.com/docs/default-source/legal-statements/diversity-equality-and-human-rights-policy.pdf?sfvrsn=a14b2e3e_2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>22</SUP></FONT> https://visteon.com/wp-content/uploads/2020/11/VC-Code-of-Basic-HR-and-WC.08.20.2020.pdf</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">It also bears noting that the actions described by the company in its
2022 proxy statement related to workplace participation and representation such as its <I>works council</I> in Germany, <I>Integrity Line</I>,
and <I>Take Charge</I> program, <U>do not relate to workers&#8217; ability to join or form a union.<SUP>23</SUP></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lastly, the Company states that, &#8220;we comply with all applicable
local laws related to freedom of association and collective bargaining&#8221;. Compliance with local laws is not enough. In many cases,
local laws do not adequately protect freedom of association and collective bargaining; therefore, it is not sufficient for companies to
say that they simply comply with all applicable local laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">An explicit policy commitment to respect the rights to freedom of
association and collective bargaining in Tesla&#8217;s operations (along with corresponding due diligence processes to identify, prevent,
mitigate and account for adverse impacts on these rights) is <B>necessary to clarify the company&#8217;s position on this issue and provide
a public expression of the company&#8217;s understanding of its responsibility to respect fundamental labor rights</B>, as per <I>the
ILO Fundamental Principles and Rights at Work</I> &amp; <I>the UN Guiding Principles on Business and Human Rights</I><B>. </B>It is reasonable
to expect that employees and other stakeholders may be confused about the company&#8217;s stance on these matters, and would benefit
from an explicit policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By failing to have an explicit and formal policy commitment, applicable
to its own operations, on the rights to freedom of association and collective bargaining, Tesla has created a governance vacuum and failed
to address the concerns of investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B><U>Failure to uphold human rights represents material risks to shareholders</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We acknowledge the Company&#8217;s public commitment to respect human
rights generally. However, omission of any policy commitments to respect and not interfere with freedom of association and collective
bargaining rights <U>in its operations</U>, along with the Company&#8217;s misaligned actions on the topic, expose shareholders to reputational,
legal, regulatory and operational risks. Those material risks could negatively impact shareholders&#8217; long-term value and significantly
deteriorate the Company&#8217;s reputation globally.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Freedom of association and collective bargaining can enhance shareholder
value through improved health and safety<SUP>24</SUP>; encouraging workforce training and skills development<SUP>25</SUP>; increased productivity<SUP>26</SUP>;
promoting diversity, equity and inclusion<SUP>27</SUP>; and strengthening human rights due diligence<SUP>28</SUP>. Addressing labour relations
and labour rights is also an avenue proposed by the UN Principles for Responsible Investment (PRI) for investors to mitigate the systemic
risk of inequality.<SUP>29</SUP></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>23</SUP> Works councils are constituted
by statute in Germany; they are distinct from trade unions, and have separate duties (e.g. works councils do not negotiate collective
bargaining agreements). The Integrity Line allows employees to anonymously report concerns, but is not a mechanism for workers to collectively
represent their interests to the company. Similarly, the Take Charge program enables employees to report issues and suggestions on safety,
security and work practices, but is not a substitute for a trade union.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>24</SUP> <FONT STYLE="font-size: 10pt; color: black; background-color: white">http://oem.bmj.com/content/early/2018/06/13/oemed-2017-104747</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>25</SUP> <FONT STYLE="font-size: 10pt; color: black; background-color: white">https://www.oecd-ilibrary.org/employment/negotiating-our-way-up_1fd2da34-en</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>26</SUP> <FONT STYLE="font-size: 10pt; color: black; background-color: white">https://doi.org/10.1093/ej/ueaa048</FONT><FONT STYLE="font-size: 10pt; background-color: white">;
<FONT STYLE="color: black">https://www.ipa-involve.com/involvement-and-productivity-the-missing-piece-of-the-puzzle</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>27</SUP> <FONT STYLE="color: black; background-color: white">https://hummedia.manchester.ac.uk/institutes/code/research/projects/racism-at-work/tuc-report-executive-summary.pdf</FONT><FONT STYLE="background-color: white">;
<FONT STYLE="color: black">https://www.epi.org/publication/unions-help-reduce-disparities-and-strengthen-our-democracy/</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>28</SUP> <FONT STYLE="color: black; background-color: white">https://www.theglobaldeal.com/resources/The%20Business%20Case%20for%20Social%20Dialogue_FINAL.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>29</SUP> <FONT STYLE="color: black">https://www.unpri.org/download?ac=5599</FONT></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As criticism and scrutiny grows against Tesla&rsquo;s human capital
and workforce practices<SUP>30</SUP>, including anti-union practices, racial discrimination lawsuits,<SUP>31</SUP> and poor workplace
practices in China,<SUP>32</SUP> the Company has failed to meet workers&rsquo; and shareholders&rsquo; basic expectations on these issues.
Alongside the current context of post-pandemic workforce organizing efforts playing out at other major companies - including Amazon<SUP>33</SUP>,
Starbucks<SUP>34</SUP>, and Microsoft<SUP>35</SUP> - and growing interest in and acceptance of unionization<SUP>36</SUP>, an explicit
policy commitment to freedom of association and collective bargaining is essential.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Without a formal and explicit policy commitment to respect freedom
of association and collective bargaining in its operations, aligned with ILO and the UN Declarations, investors will remain unable to
understand the Company&#8217;s current and long-term strategy on these issues and take informed investment decisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>In light of the severity of the issues described above and in global
media coverage, we urge shareholders to support the proposal. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If you have any questions please contact Simon Lewchuk (SHARE) at slewchuk@share.ca,
Mary Beth Gallagher (Domini Impact Investments) at <FONT STYLE="color: black">mgallagher@domini.com</FONT>, or Emma Bayes (SOC Investment
Group) at <FONT STYLE="color: black">ebayes@socinvestmentgroup.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Vote &#8220;FOR&#8221; Item #11 (Stockholder
Proposal Requesting Adoption of a Freedom of Association and Collective Bargaining Policy) at the annual general meeting on August 4,
2022.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>30</SUP> https://www.theguardian.com/technology/2022/may/12/elon-musk-praises-chinese-workers-for-extreme-work-culture;
https://www.businessinsider.com/tesla-lawsuits-former-workers-claim-racial-discrimination-sexual-harassment-2022-3; https://observer.com/2022/04/tesla-shanghai-gigafactory-resume-production-amid-covid-lockdown/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>23</SUP> https://www.dfeh.ca.gov/wp-content/uploads/sites/32/2022/02/TeslaPR2.10.22.pdf;
<FONT STYLE="color: black">https://www.nytimes.com/2022/02/10/technology/tesla-racial-discrimination-california-suit.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>31</SUP> <FONT STYLE="color: black">https://fortune.com/2022/05/10/elon-musk-tesla-shanghai-plant-workers-sleeping-on-site-working-12-hour-shifts-six-days-a-week/</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>32</SUP> <FONT STYLE="color: black">https://www.nytimes.com/2022/04/01/technology/amazon-union-staten-island.html</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>33</SUP> <FONT STYLE="color: black">https://www.thrillist.com/news/nation/starbucks-unions-what-it-means</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>34</SUP> https://www.geekwire.com/2022/microsofts-union-pledge-and-the-new-era-of-organized-labor-in-tech/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>35</SUP> https://news.gallup.com/opinion/polling-matters/392027/future-unions.aspx</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE,
U.S. MAIL, EMAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY THE FILERS.
PROXY CARDS WILL NOT BE ACCEPTED BY ANY FILER. PLEASE DO NOT SEND YOUR PROXY TO ANY FILER. TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS
ON YOUR PROXY CARD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The filer of this document is Shareholder Association for Research
&amp; Education (SHARE), Suite 510 &#8211; 1155 Robson Street Vancouver, BC V6E 1B5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>This is not a solicitation of authority to vote
your proxy. Please DO NOT send us your proxy card as it will not be accepted.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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