Elon Musk is making a passionate plea to Tesla shareholders, urging them to participate in the upcoming annual meeting of the company. He believes that the shareholder vote is not just crucial for Tesla but could potentially have far-reaching implications for the world.
On his X account, Musk emphasized the significance of the proposals that will be up for voting at the meeting scheduled for November 6, 2025.
A Turning Point for Tesla
Tesla, in a message from its official account, described the company as being at a pivotal inflection point as it gears up for its annual meeting. Shareholders will soon receive instructions on voting, with the company urging investors to support the Board’s recommendations on all proposals. The post also referenced Tesla’s ambitious growth targets outlined in its Master Plan Part IV, spanning vehicles, energy, and artificial intelligence.
“Tesla is at a critical inflection point. We need your vote ahead of our 2025 Annual Meeting on November 6. Tesla shareholders, the owners of our company, will soon receive their control numbers and voting instructions from their brokers. This will enable you to vote. We are asking you to vote with the Board’s recommendations on *all* proposals,” Tesla stated in its post.
The company underlined that it stands on the brink of a transformative phase of massive growth. Tesla emphasized that confidence in Musk’s leadership is pivotal to this trajectory, as he is the CEO who could lead Tesla into a new era of ambitious endeavors.
Key Proposals on the Table
Two key proposals highlighted in Tesla’s recommendations, as per the company’s VoteTesla.com website, stand out. The first proposal seeks 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 amidst ongoing litigation related to Musk’s 2018 CEO Performance Award. It also aims to replenish the general share reserve with an additional 60 million shares to accommodate employee equity grants.
“Equity forms the bedrock of Tesla’s compensation philosophy. We believe we require a framework that enables us to honor the agreement we made with Elon and the remarkable value he generated for Tesla shareholders under the 2018 CEO Performance Award. Additionally, it is crucial that we maintain ample equity reserves and maximum flexibility to attract, retain, and motivate talent at Tesla,” Tesla explained.
The second proposal introduces a new 2025 CEO Performance Award, 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 exceptional 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 has urged shareholders to vote in favor of re-electing three directors: Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson.