Investor's Corner
Over 5.8k Tesla investors representing $4.1 billion are speaking out in support of Elon Musk
Thousands of retail Tesla (NASDAQ:TSLA) investors have banded together to express their support of CEO Elon Musk’s and his 2018 compensation plan, which was rescinded by a Delaware judge last week. The judge’s decision, which concluded a legal complaint started by a thrash metal drummer with nine Tesla shares, was met with polarizing reactions.
The Tesla investors’ goal was simple. They wanted to specifically affirm their vote of support for Musk’s 2018 compensation plan, whose targets have already been met, and they also requested that the Tesla Board of Directors design a new compensation plan for Musk that could take him back to 25% of the EV maker’s voting shares. The group also expressed their support to the idea of Tesla moving its state of incorporation from Delaware to Texas.
The initiative was admirable. What started as a collaborative effort on social media led by accounts such as Alexandra Merz (@TeslaBoomerMama) and Amy Steffens (@_sftahoe) ballooned to 5,821 Tesla shareholders representing 23,337,127 shares signing a letter addressed to the Tesla Board of Directors in just four days. The Tesla investors’ accumulated shares are substantial, as it corresponds to over $4 billion worth of shares as of Monday’s intraday.
?
Have never heard of a company able to mobilize
– in only 4 short days (including a weekend)
the commitment of
– 5,821 shareholders with
– 23,337,127 shares.
Retail investors showing their deep appreciation of @elonmusk and @Tesla's Board of Directors.
Now Austin bound. pic.twitter.com/s9Nr36Yn5m— Ale?andra Merz (@TeslaBoomerMama) February 5, 2024
The Tesla shareholders’ letter can be viewed below.
Shareholder Letter to Tesla’s Board of Directors
The shareholders (listed in the attachment)
- Support unequivocally that Tesla’s state of incorporation is changed from Delaware to Texas, where Tesla is already headquartered. Tesla staying incorporated in Delaware is untenable if Shareholder Votes will be rescinded.
- Would like the Board to explore options to affirm the shareholder vote in support of keeping the Tesla’s 2018 CEO Compensation Plan active and in place. Tesla shareholders don’t want their votes disenfranchised. Tesla shareholders elected the Tesla Board of Directors and were aware of the Board members’ relationship with Elon Musk. The shareholders chose them. The recent decision by Judge McCormick to rescind the 2018 CEO compensation plan is a dangerous precedent for all shareholders in American corporations.
- Would like the Board to design a new CEO Compensation Plan along the lines of the 2018 Plan. The new Plan tranches will require Tesla to achieve ambitious performance and market cap milestones.
- The performance milestones could include FSD reaching level 5 autonomy, Tesla Energy achieving annual kWh goals, the next generation EV platform reaching volume production, and Optimus in volume production. The market capitalization milestones could reflect each $500 billion- or $1 trillion-dollar increase in Tesla’s overall value, or whatever intermediate milestones make sense, as well as one for surpassing the combined value of Saudi Aramco and Apple. The new Plan’s tranches will vest shares to Mr. Musk in such a way as to ultimately grant him 25+ percent of voting shares. If Tesla incorporates in a State allowing super voting shares, we endorse this, too.
The shareholders filling out this form agree that their name and details will be disclosed to the Board of Directors of Tesla and may become public.
TESLA SHAREHOLDER LETTER:
?Final numbers! ?? over 5800 investors representing over 23,335,217 Million Shares. (Or 4.3 BILLION Dollars of shares at current market value).
?Letter is being mailed to Tesla Corporate Secretary. Final letter & Cover Letter and note re:… https://t.co/57KPRJIYSK pic.twitter.com/g3XQHjBHCK— Amy (@_SFTahoe) February 5, 2024
What is quite remarkable about the Tesla investors’ efforts is the fact that it included shareholders from across the spectrum. As per the group’s letter, the 5,821 Tesla shareholders comprise investors that hold anywhere from one TSLA share to thousands of TSLA shares. They also include investors who have been with the EV maker since 2010 and those who only bought shares last month. Overall, the retail investors’ efforts are quite admirable, and they show that Tesla still has a dedicated following among its shareholders until today.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Elon Musk
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
Four Raptor engines failed to ignite at T-zero, forcing SpaceX to scrub Starship Flight 13 Thursday.
SpaceX scrubbed the Starship Flight 13 launch attempt Thursday evening at the last possible moment, after four of the Super Heavy booster’s 33 Raptor 3 engines failed to ignite during the startup sequence. The 90-minute window had opened at 6:45 p.m. EDT from Starbase in Boca Chica, Texas, and the countdown had proceeded without issue all day, with more than 11.5 million pounds of liquid methane and liquid oxygen being fully loaded into the rocket before the automated abort triggered. SpaceX’s launch directors posted on X, “Standing down from today’s flight test attempt,” and shut down the livestream shortly after.
Musk confirmed the root cause within hours. “Some of the engines didn’t start, triggering an automatic launch abort,” he wrote on X. “To be confident of a good flight, 2 Raptors will be removed and replaced. Most probable launch timing is early next week.” SpaceX engineers began draining propellant tanks immediately and Booster 20 was rolled back to its hangar for inspection.
The timing adds a layer of significance that did not exist during any of the previous 12 Starship flights. This is the first time SpaceX has attempted to launch Starship since the company made its stock market debut in June, listing under ticker SPCX at $135 per share. Public investors are now watching every Starship outcome in real time, and a last-second abort carries more visibility than it would have six months ago.
Flight 13 was designed to be one of the most consequential tests in the program’s history. It was set to carry 20 Starlink V3 satellites, the first operational payload Starship has ever attempted to deploy. Six of those satellites carried external cameras to photograph Starship’s heat shield from the outside during flight, which would act as a self-inspection approach SpaceX has never attempted before. The mission also needed to complete a Raptor engine relight in space, a step SpaceX skipped on Flight 12 in May after losing an engine during ascent. That Flight 12 booster also flipped 90 degrees off course during its boostback burn when five engines failed to reignite.
SpaceX has not announced an official next launch date. Musk’s “early next week” window points to July 21 or 22 at the earliest, pending the engine swap and a return to the pad.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
Elon Musk secretly acquires $1B energy company to power the AI future
