Overview
- At the 2025 annual meeting in Austin, shareholders passed the package with roughly 75% support.
- The plan vests across 12 stock tranches totaling about 423 million new shares, which could lift Musk’s stake from roughly 15% to about 25% if all targets are met.
- Milestones include delivering 20 million vehicles over the next decade, operating 1 million robotaxis, and hitting market-cap steps from above $1.5 trillion to $2–$8.5 trillion.
- The agenda also features proposals to drop supermajority voting and to consider a Tesla investment in Musk’s AI startup xAI, drawing governance and conflict-of-interest concerns from some major investors.
- After the vote, Musk showcased the Optimus humanoid robot, said current unit cost is about $20,000, and suggested progress on FSD approvals and a potential Cybercab production start targeted for April 2026.