Overview
- More than 75% of votes cast at Tesla’s Austin annual meeting backed the package, with the company confirming shareholder approval.
- Tied to 12 tranches, the plan requires market‑cap milestones from roughly $2 trillion up to $8.5 trillion plus operational goals including 1 million robotaxis, 10 million FSD subscriptions, and 1 million Optimus robots.
- Musk told investors he expects production next year for Optimus, the Semi and the steering‑wheel‑less Cybercab, noting Cybercab output will track regulatory approvals.
- Proxy advisers ISS and Glass Lewis urged rejection and some large investors voiced concern about size, dilution and key‑person risk despite the strong retail and overall support.
- The vote comes as Tesla’s vehicle sales have declined about 6% year to date through September, underscoring execution, supply‑chain and regulatory hurdles tied to the package’s targets.