Tesla will hold its annual shareholder meeting on November 6, the company said in a U.S. Securities and Exchange Commission or SEC filing this week. The announcement comes a day after a group of 27 investors urged the Elon Musk-led electric vehicle company to set a date, citing legal obligations. “The board of directors of Tesla has designated November 6, 2025 as the date of Tesla's 2025 annual meeting of shareholders,” the filing states. During the meeting, the company will also present its proxy statement.
Responding to the news, Wedbush Securities analyst Dan Ives said on X (formerly Twitter): “Now the Musk new pay package will be the focus”.
Elon Musk’s pay package has been a long standing point of contention between Musk and the company’s board of directors. Musk’s pay package was awarded in 2018, which then included 304 million stock options. It was a performance-based deal, meaning Musk would receive stock options based on Tesla's stock price and performance meeting specific targets.
The CEO became eligible to exercise all the options in 2023 after meeting a series of aggressive valuation and financial performance goals set by the company.
However, in January 2024, Delaware judge Kathaleen McCormick cancelled the deal, saying the amount was too large and that Tesla's board members were too influenced by Musk. She said they acted “like supine servants of an overweening master.”
In early 2024 during the court ruling, these options were worth about $56 billion, later peaking at $146 billion in December and currently standing at around $98 billion based on Tesla’s share price.
Earlier this week, Musk lashed out at Ives over a proposal to the Tesla board. In a post on X, Ives wrote that the board needs to take three steps: “new pay package” for CEO, “guardrails for amount of time Musk spends at Tesla” and “oversight on political endeavors”. The tech billionaire responded sharply to him writing: “Shut up, Dan”.
Responding to the news, Wedbush Securities analyst Dan Ives said on X (formerly Twitter): “Now the Musk new pay package will be the focus”.
Elon Musk’s pay package has been a long standing point of contention between Musk and the company’s board of directors. Musk’s pay package was awarded in 2018, which then included 304 million stock options. It was a performance-based deal, meaning Musk would receive stock options based on Tesla's stock price and performance meeting specific targets.
The CEO became eligible to exercise all the options in 2023 after meeting a series of aggressive valuation and financial performance goals set by the company.
However, in January 2024, Delaware judge Kathaleen McCormick cancelled the deal, saying the amount was too large and that Tesla's board members were too influenced by Musk. She said they acted “like supine servants of an overweening master.”
In early 2024 during the court ruling, these options were worth about $56 billion, later peaking at $146 billion in December and currently standing at around $98 billion based on Tesla’s share price.
Earlier this week, Musk lashed out at Ives over a proposal to the Tesla board. In a post on X, Ives wrote that the board needs to take three steps: “new pay package” for CEO, “guardrails for amount of time Musk spends at Tesla” and “oversight on political endeavors”. The tech billionaire responded sharply to him writing: “Shut up, Dan”.
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