Overview

• Shareholders vote next month on a new milestone-based, trillion-dollar pay package for Elon Musk.
• ISS, a leading proxy adviser, has recommended that investors vote against the compensation proposal.
• Elon Musk defended the plan on X, noting Tesla’s market value exceeds that of other automakers combined.
• ARK Invest’s Cathie Wood said the package will “win decisively” and criticized institutional reliance on proxy firms and index funds.
• Tesla is seeking to restore Musk’s prior $56 billion award through a Delaware appeal, while Wedbush’s Dan Ives expects the new plan and an investment in xAI to be approved.