Overview

• Proxy advisory firm Institutional Shareholder Services recommended that Tesla investors reject a new 10‑year compensation package for Elon Musk.
• The proposal could be worth up to $1 trillion in Tesla stock and is tied to ambitious milestones including an $8.5 trillion market value, $400 billion in operating income, 20 million vehicles sold, and deployments of 1 million Optimus robots and 1 million robotaxis.
• ISS cited the plan’s unprecedented scale and design, warning that substantial payouts could be earned even if performance targets are only partially met.
• The firm also criticized the absence of provisions to ensure Musk’s focus on Tesla rather than his other ventures such as SpaceX and xAI.
• Tesla pushed back in a post on X and urged shareholders to back all proposals, framing the package as critical to retaining Musk and attracting talent, while the Nov. 6 vote comes under heightened scrutiny after a Delaware court annulled Musk’s prior $56 billion award in December 2024.