Overview

• Shareholders are slated to vote on the package at the November 6 annual meeting in Austin, Texas.
• Awards would be paid in stock only if Tesla reaches roughly $8.5–$8.6 trillion in market value along with operational milestones covering a robotaxi network and humanoid robots.
• Full achievement could raise Musk’s ownership toward roughly 25% to nearly 29%, concentrating his voting power.
• The proposal follows a Delaware ruling that voided Musk’s 2018 award; Tesla has appealed and disclosed an interim grant of about 96 million shares worth roughly $29–30 billion.
• The company’s filing prompted a modest market uptick, with reports noting Tesla shares rose about 2.7% after the disclosures.