Tesla Encourages Stockholders to Endorse Elon Musk's $1 Trillion Compensation Plan
Tesla has announced its 2025 Annual Shareholder Meeting, set to take place on November 6, 2025, at Gigafactory Texas in Austin, Texas. The meeting will commence at 1:00 p.m. PT/4:00 p.m. ET.
The company is at a critical inflection point, according to its statement, and believes it is on the precipice of another wave of transformational growth. Elon Musk has promised that the meeting will be a "special" event.
Two critical proposals are up for a vote at the meeting. The first is a performance-based pay plan for Elon Musk worth $1 trillion, which Tesla's board has recommended shareholders vote in favor of. The second proposal is the Amended & Restated 2019 Equity Incentive Plan, aimed at expanding and replenishing the company's equity reserves for employee awards.
Tesla shareholders can attend the meeting in person or virtually via the official online shareholder meeting platform provided by Tesla. Shareholders can sign up to attend the meeting by clicking the provided link. Tesla is conducting a random drawing to determine which shareholders will be eligible to attend the meeting in person.
In addition to the company-sponsored proposals, several shareholder proposals are up for a vote. These include proposals to invest in xAI, add ESG metrics to executive compensation, conduct a child labor audit, and more. Tesla's board has recommended voting against all shareholder proposals, except for the proposal to implement a proposal with 54% support in 2024.
Tesla's board is urging shareholders to follow its recommendations on all proposals. The company has six company-sponsored proposals up for a vote, including the Amended & Restated 2019 Equity Incentive Plan and the 2025 CEO Performance Award ($1 trillion plan).
The unveiling of Master Plan Part IV demonstrates Tesla's potential for growth, and the company is asking shareholders to vote in its 2025 Annual Meeting on November 6. Tesla shareholders will soon receive their control numbers and voting instructions from their brokers.
The "Vote Tesla" website supports Elon Musk's $1 trillion CEO pay package. For more information and to stay updated on the meeting, shareholders are encouraged to visit Tesla's official website or the "Vote Tesla" website.
