Elon Musk, the CEO of Tesla, is urging shareholders to participate in the company’s upcoming annual meeting, emphasizing the critical nature of their vote not just for Tesla but potentially for the world as a whole. In a post on X, Musk highlighted the importance of the proposals that will be voted on during the meeting scheduled for November 6, 2025.
Describing Tesla as being at a pivotal inflection point, the company stressed the significance of the upcoming annual meeting. Shareholders will soon receive voting instructions and are being asked to support the Board’s recommendations on all proposals. Tesla also referenced its Master Plan Part IV, which outlines ambitious growth targets across vehicles, energy, and artificial intelligence.
The company emphasized that it is on the verge of a massive wave of transformational growth and highlighted the importance of confidence in Musk’s leadership in driving Tesla into a new, ambitious era. The upcoming annual meeting is seen as crucial in determining the future direction of the company and potentially impacting the global landscape.
Two key proposals have been highlighted by Tesla on its 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 amid ongoing litigation surrounding 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.
The second proposal is the introduction of a new 2025 CEO Performance Award, a pay-for-performance framework linking Musk’s compensation to achieving ambitious market cap and operational milestones. Musk would only receive compensation if Tesla achieves extraordinary results, potentially creating over $7 trillion in shareholder value and pushing the company’s valuation to as high as $8.5 trillion. Shareholders are also being asked to vote in favor of re-electing three directors: Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson.
The upcoming annual meeting is seen as a critical juncture for Tesla, with the decisions made by shareholders likely to have far-reaching consequences for the company and potentially the broader world. Elon Musk’s leadership and the proposed initiatives are central to Tesla’s future growth and success, making shareholder participation in the upcoming vote crucial.