Tesla investors currently have the chance to vote on a number of proposals for the company’s upcoming shareholder’s meeting, with CEO Elon Musk’s 2018 pay package hanging in the balance after it was struck down by a Delaware judge. In recent weeks, a number of Teslarati readers have shared how they voted or plan to vote on the proposal, with about a month left to go until the meeting.
After Delaware Judge Kathaleen McCormick voided the previously approved $56 billion pay package for Musk in January, both Musk and the company have appealed the decision, and the board of directors has launched a vote on ratifying the package for the stockholder’s meeting next month. Voting has been open for the past few weeks, and following our recent story detailing one of Tesla’s largest shareholders as he criticized Musk and suggested voting “no” on the measure, many have said they voted in favor of the proposal.
Tesla also launched a website dedicated to explaining how shareholders can vote, and detailing the board’s voting recommendations. Crucially, the board has recommended “yes” votes on both proposals three and four, which concern Tesla’s potential move to re-incorporate in Texas instead of Delaware, and the pay package vote for Musk, respectively.
The annual shareholder’s meeting will be held on June 13, and shareholders can continue to vote on the proposals between now and then. Tesla has also shared a video on social media encouraging investors to vote in favor of this, and the company’s incorporation move from Delaware to Texas.
We have put forward two especially important proposals for our Annual Meeting of Stockholders—and we need your vote.
Protect your rights as stockholders & protect the value of your investment by voting FOR the ratification of the 2018 CEO Performance Award & FOR Reincorporating… pic.twitter.com/ONmB7oZfyM
— Tesla (@Tesla) May 20, 2024
How Teslarati readers are voting on Musk’s 2018 pay package (so far)
Following our recent stories, 88 respondents have reached out and told us how they were voting, or planned to vote, on proposal three regarding Musk’s previously approved pay package. Of them, about 66 percent said they had voted or would vote in favor of ratifying Musk’s 2018 compensation plan, while around 30 percent said they voted or would vote against it. The remaining respondents, representing just over 3 percent, said that they were still undecided on the vote.
Those who responded varied in their number of shares; while most did not include how many shares they were voting for, others ranged from having just a few shares to over 7,000 shares.
To be sure, this is an extremely small sample size, especially given the sheer number of shareholders and Tesla shares out there. This also does not take into consideration the number of shares owned by each respondent, though it gives a small overview of how individual Tesla shareholders (who took the time to respond to recent stories) voted on proposal three. In addition, shareholders still have a few weeks left to cast their votes, and many could still be mulling over their vote on the proposal.
The board explains its recommendation for shareholders to vote “yes” by citing the fact that Musk already performed the work needed to earn the previously approved pay package. Some have noted that the CEO isn’t currently being paid for his past several years with the company, as a result of the package being struck down. Others have criticized Musk and Tesla for recent layoffs and his sharing of political views, which they say is why they would vote “no” on the proposal.
“Elon has not been paid for any of his work for Tesla for the past six years… That strikes us, and the many stockholders from whom we already have heard, as fundamentally unfair,” wrote Board Chair Robyn Denholm on the subject last month.
“We do not think that what the Delaware Court said is how corporate law should or does work. If it is legally advisable, we suggest simply subjecting the original 2018 package to a new shareholder vote.”
Musk also defended his pay package following the January decision, as well as his hopes for more voting control amidst the rapid development of artificial intelligence (AI) products.
Note: This article will be updated periodically up until Tesla’s Annual Stockholder Meeting on June 13. Last updated 6/4/24.
Musk responds to pay case lawyers requesting $6 billion in Tesla shares
What are your thoughts? Have you voted on proposal three of the upcoming meeting, and if so, how did you vote? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
News
Kia and Tesla top list in Swedish study of strongest EV batteries
A major Swedish study has revealed which electric vehicles hold their battery health the best, and Kia and Tesla came out on top.
A major Swedish study has revealed which electric vehicles hold their battery health the best, and Kia and Tesla came out on top.
Swedish car broker Kvdbil initiated a test of more than 1,300 used BEVs and plug-in hybrids to determine which models retain the best battery capacity over time. Based on the study’s results, the Kia EV6, Kia e-Niro, and the Tesla Model Y were deemed the best.
Kia and Tesla lead the pack
Kvdbil’s test results are bullish for electric vehicles as a whole. The study showed that eight out of ten used electric cars still had at least 90% of their original battery capacity. Kia’s EV6 and e-Niro finished first and second in the rankings, while Tesla’s Model Y came in third. As per CarInfo data, Sweden currently has 12,148 Kia EV6 registered, while there are 48,488 Model Y.
In a comment to the media, test manager Martin Reinholdsson stated, “They are actually better than we thought. We were a bit surprised that there were so many that were this good.”
In a way, Tesla’s strong performance in the test carries extra weight since the Model Y is one of Sweden’s best-selling EVs, giving the test a much larger sample size compared to Kia’s smaller but highly rated fleet.
Battery tech, driver habits, and age all play a role
Kvdbil noted that the test’s standout results could be attributed to advanced battery management systems and careful engineering, as noted in a report from the Sweden Herald. At the same time, the study also found that factors like charging routines, driving style, and the age of a vehicle can influence capacity retention.
Rounding out the top ten were entries from Opel, Mazda, Audi, Fiat, Volvo, Citroën, and Volkswagen, as noted in a CarUp report.
This is not the first time that Tesla’s battery prowess has shown its strength. Last year, reports emerged stating that a Tesla Model S 90D from Chesterfield, UK, had traveled 430,000 miles on its original motors and batteries. Over that period, which was comprised of constant Supercharging sessions due to the car being used as an airport taxi, the Model S 90D only lost 65 miles of range.
News
Tesla just made Service even easier and more convenient
The new feature is rolling out to iOS users now; we have not heard any confirmation from Android phone users whether they are receiving it too.
Tesla just made servicing your vehicle even easier and more convenient than it already is.
All it did was add a new section to its smartphone app.
Tesla has officially launched a new Maintenance tab that estimates the repair date and cost, and uses vehicle data to determine if any part is in need of replacement.
It can be found by accessing the app, going to Service, then hitting Request Service, and then Maintenance.
This can be accessed in your Tesla App by touching:
Service —> Request Service —> Maintenance https://t.co/WXrhm6KpZZ pic.twitter.com/xpFx4tHs3O
— TESLARATI (@Teslarati) October 20, 2025
The new feature is rolling out to iOS users now; we have not heard any confirmation from Android phone users whether they are receiving it too. Since it is not a vehicle capability, we do not believe Tesla will delay the release of the feature to Android phones.
Teslas are already well known for having extremely low maintenance needs, and semi-annual check ups usually only require a tire rotation and some additional windshield washer fluid. There is not a need for things like oil changes or other things that are routinely needed on combustion engine cars due to the lack of parts.
Additionally, the small addition to the company’s smartphone app will help facilitate needs for Service, and could help relieve some congestion, while also streamlining the repair process for technicians.
Tesla to make app change for easier communication following Service
One of the biggest complaints about owning a Tesla is Service wait times, as availability can be extremely limited in some areas. However, Tesla has done a lot to work on increasing the number of Service centers it has, while also working hard to streamline service and make it less time-consuming.
Tesla has aimed to have an F1-style service experience, but it has not worked out that way. With that being said, there are significantly fewer complaints with Tesla’s Service division than in years past. With the presence of Mobile Technicians and more refined Service processes, things are definitely improving.
Elon Musk
Elon Musk hits back at former Tesla employee who disagrees with pay package
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla?
It won’t be me.
Elon Musk gave a tough response to a former Tesla employee who spoke out on X about the structure of the CEO’s pay package, arguing that it is an overpayment and would not generate enough shareholder value.
Without a doubt, the biggest issue on the bill at this year’s Tesla Shareholder Meeting in November is that of the pay package that was proposed to CEO Elon Musk.
As the Shareholder Meeting approaches, Tesla is urging those investors to vote in support of Musk’s pay package. So far, the community has been overwhelmingly supportive of giving Musk his massive payday, which could give him $1 trillion in additional holdings if he completes each of the outlined performance tranches.
However, there are a handful of institutional and individual shareholders who have pushed back against the package, either because of its value or because they feel it does not benefit shareholders enough.
Last week, we reported that Institutional Shareholder Services (ISS) advised voting against Tesla’s pay package for Musk. The firm said the payday would give Musk”extraordinarily high pay opportunities over the next ten years,” and it would “reduce the board’s ability to meaningfully adjust future pay levels.”
Tesla CEO Elon Musk’s $1 trillion pay package hits first adversity from proxy firm
Additionally, it called the value of the pay package “astronomical.”
On Saturday, a former Tesla employee said on X that Tesla’s proposed pay package for Musk would “barely beat inflation and it would underperform the S&P 500 considerably.” Additionally, he said:
“Sorry, Tesla, some of us (and supposedly, ISS too) simply don’t think that underperforming the S&P 500 this much is worth paying somebody 20 billion dollars worth of company value.
As a fan, I love Tesla, I want it to succeed. As a shareholder, I don’t want Tesla to over-pay for its CEO I strongly believe that the 2025 pay package proposal would over-pay for its CEO, and that other competent CEOs could grow Tesla just as much with way less political drama and cost investors much less that this proposal.”
Musk responded bluntly:
“Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla? It won’t be me.”
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla?
It won’t be me.
— Elon Musk (@elonmusk) October 19, 2025
It seems the worry about Musk’s potential involvement in politics still looms to many, based on the responses to Musk’s post, which frequently mention that as a downside of his last year as Tesla CEO. However, Tesla’s Board confronted that directly.
In its proxy filing after announcing the pay package, Tesla said that it had three commitments, one of which was that the company would “receive assurances that Musk’s involvement with the political sphere would wind down in a timely manner.”
Tesla Board takes firm stance on Elon Musk’s political involvement in pay package proxy
Musk’s previous pay package was approved by shareholders twice, but it never made it to the CEO because of a lawsuit with the Delaware Chancery Court brought forth by a small-time shareholder.
The response from Musk does seem to show that if this time is no different, he will inevitably step down as CEO in the coming years.
Kia and Tesla top list in Swedish study of strongest EV batteries
Tesla just made Service even easier and more convenient
Elon Musk hits back at former Tesla employee who disagrees with pay package
-
Elon Musk4 days agoSpaceX posts Starship booster feat that’s so nutty, it doesn’t even look real
-
Elon Musk3 days agoTesla Full Self-Driving gets an offer to be insured for ‘almost free’
-
News3 days agoElon Musk confirms Tesla FSD V14.2 will see widespread rollout
-
News4 days agoTesla is adding an interesting feature to its centerscreen in a coming update
-
News6 days agoTesla launches new interior option for Model Y
-
News5 days agoTesla widens rollout of new Full Self-Driving suite to more owners
-
Elon Musk4 days agoTesla CEO Elon Musk’s $1 trillion pay package hits first adversity from proxy firm
-
News6 days agoTesla makes big move with its Insurance program