Tesla Shareholders to Vote on Musk's Record Compensation Package
Shareholders of Tesla will gather for an annual meeting on November 6, 2025, to vote on a new compensation package for CEO Elon Musk. This comes after a series of legal battles and corporate relocations.
The Delaware Supreme Court is currently reviewing a lawsuit challenging Elon Musk's record-breaking compensation package, worth tens of billions of dollars. The package, laid out in 2018, promised Musk more Tesla shares based on the company's performance. If Musk met all the goals, he could have gained $55.8 billion, potentially making him the world's first trillionaire.
The lawsuit argues that Musk had too much influence over the board and shareholders were not adequately informed about the package. In 2024, shareholders approved the same package again despite a Delaware Chancery Court ruling that it was excessive. Tesla has since moved its incorporation from Delaware to Texas, contributing to a trend known as 'Dexit'.
Tesla maintains that Musk unlocked the full suite of shares in 2022, and as of mid-October 2025, the package could be worth well over $100 billion. The Delaware Supreme Court will decide whether the pay package was a properly conducted business decision or an extraordinary move reflecting undue influence.
The upcoming shareholder vote on November 6, 2025, will determine the future of Elon Musk's compensation package. The Delaware Supreme Court's decision, expected before then, will likely influence the shareholders' vote. The outcome will shape Tesla's corporate governance and potentially set a precedent for executive compensation in the tech industry.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
