Elon Musk is rallying Tesla shareholders to participate in the upcoming annual meeting, stressing the significance of the vote not only for the electric car manufacturer but potentially for the global landscape.
“This shareholder vote holds the key to Tesla’s future and could have far-reaching implications for the world,” Musk emphasized in a tweet on X, underscoring the importance of the proposals set to be decided upon during the meeting scheduled for November 6, 2025.
A Decisive Turning Point
Describing itself as being at “a critical inflection point,” Tesla sent out a message from its official account, urging shareholders to back the Board’s recommendations on all proposals. The company highlighted the upcoming annual meeting as a pivotal moment and referenced its Master Plan Part IV, outlining ambitious growth targets encompassing vehicles, energy, and artificial intelligence.
“Tesla is standing at a crucial inflection point. Your vote is crucial as we approach our 2025 Annual Meeting on November 6. Tesla shareholders, the true owners of our company, will soon receive their control numbers and voting instructions from their brokers. It is imperative that you vote in alignment with the Board’s recommendations on *all* proposals,” Tesla stated in a post.
The company emphasized that it is on the brink of a significant wave of transformative growth, highlighting the pivotal role of Musk’s leadership in steering Tesla towards a new era of ambitious endeavors.
Key Proposals at Stake
Among the key recommendations put forth by Tesla, two proposals stand out according to the VoteTesla.com website. The first proposal aims to amend and restate Elon Musk’s 2019 Equity Incentive Plan, creating a special reserve of nearly 208 million shares to provide flexibility to the board amid ongoing litigation related to Musk’s 2018 CEO Performance Award. It also seeks to replenish the general share reserve with an additional 60 million shares to accommodate employee equity grants.
“Equity forms the foundation of Tesla’s compensation philosophy. We believe it is imperative to have a framework that enables us to uphold the agreement made with Elon and the exceptional value he has delivered to Tesla shareholders through the 2018 CEO Performance Award. Additionally, it is crucial to maintain adequate equity reserves and maximum flexibility to attract, retain, and motivate talent at Tesla,” Tesla stated.
The second proposal entails a new 2025 CEO Performance Award, introducing a pay-for-performance structure that ties Musk’s compensation to achieving ambitious market cap and operational milestones. Under this plan, Musk would only receive compensation if Tesla achieves extraordinary results, potentially generating over $7 trillion in shareholder value and propelling the company’s valuation to as high as $8.5 trillion. Additionally, the company urged shareholders to vote in favor of re-electing three directors: Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson.