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Tesla’s largest retail shareholder continues push against Elon Musk’s $56B pay package

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Tesla’s largest individual retail shareholder is continuing to protest the support of CEO Elon Musk’s $58 billion pay package, which is presumably the largest issue at hand in the upcoming Shareholder Meeting.

KoGuan Leo has been one of Tesla’s largest shareholders for years and is the company’s biggest retail investor, with over 27 million shares held. Recently, he has been vocal about his distaste for Musk’s leadership, and against a potential pay package ratification.

Tesla’s 3rd-largest retail investor bashes Elon Musk: ‘I have no choice but to act’

In 2018, shareholders voted to approve a massive pay package for Musk that would award him billions in compensation for hitting certain growth and stock goals. He hit them and was set to be awarded $56 billion for it.

However, a small-time shareholder sued Tesla and Musk, and a Delaware judge ultimately ruled for the plaintiff, reversing the compensation plan. Tesla is aiming to ratify the pay package by pulling out all the stops to get it approved for the second time by shareholders, but one is against it.

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Today, Leo posted another communication on X showing he voted against Musk’s pay package ratification, along with other things. Leo voted against the extension of terms for both James Murdoch and Kimbal Musk, Elon’s brother, on Tesla’s Board of Directors, as well as “Against” other proposals:

Leo has called some Musk supporters “brainless suckers,” which has incited many to push back against his narrative. Leo’s massive Tesla ownership has given him a tremendous amount of influence, and other shareholders who are widely supportive of Musk are threatened by it.

Having paid $3.5 billion to own what he says is a 0.8 percent stake in the automaker, Leo believes it is time for a change of tune from Tesla at the helm. Musk has drawn criticism from some investors due to his purchase of Twitter, which is now called X, arguing it has pulled away from his focus on Tesla.

Tesla, on the other hand, is doing anything it can to get Musk his package. As he has said in the past, he may pursue other opportunities outside of the company if he is not given more power. Losing his compensation package may be the final straw, and it could ultimately mean a new form of leadership and perhaps a new company altogether.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Honda and Acura EVs to gain Tesla Supercharger access this June 2025

This provides Honda and Acura EVs access to over 20,000 Superchargers across the United States.

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Autosdeprimera, CC BY 3.0 , via Wikimedia Commons

Honda and Acura electric vehicles will soon be plugging into Tesla’s Supercharger network, with approved NACS-CCS adapters rolling out to Prologue and ZDX owners in June 2025.

This provides Honda and Acura EVs access to over 20,000 Superchargers across the United States.

Adapters Ensure Safety

Starting June 2025, Honda Prologue and Acura ZDX drivers can acquire a Honda-approved NACS-CCS DC fast-charging adapter at authorized U.S. dealerships, with pricing set closer to launch. Tested for safety and compatibility, it’s the only DC adapter that Honda recommends for its EVs at NACS stations, as noted in a press release

Ryan Harty, assistant vice president of Sustainability & Business Development at American Honda Motor Co., Inc., shared his thoughts on the matter. “Adding Tesla Supercharger network access to the charging networks already available to our EV customers means industry-leading fast-charging access for Honda and Acura EV drivers,” he said.

Tesla requires approved NACS adapters at its Superchargers, and Honda strongly recommends that Prologue and ZDX owners use approved adapters. Honda also noted that damage caused by using unapproved adapters may not be covered by cars’ limited warranties.  

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Honda’s Big Charging Vision by 2030

Honda’s not stopping at Tesla’s network. By 2030, Prologue and ZDX owners are expected to tap roughly 100,000 DC fast-charge points across North America, blending Tesla Superchargers with IONNA’s new network, EVgo, and Electrify America. 

“By the end of this decade, we strive to provide Honda and Acura EV drivers with the most convenient and easy charging at more than 100,000 charge points nationwide, helping people choose to purchase an EV for the many benefits of driving one,” Harty stated.

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“Tesla Takedown” movement plans 500 protests in 277 stores, Superchargers

Rep. Jasmine Crockett (D-TX) stated that March 29 is her birthday, and “all I want to see happen on my birthday is for Elon to be taken down.”

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Rhododendrites, CC BY-SA 4.0 , via Wikimedia Commons

The “Tesla Takedown” group is aiming to hold its “biggest day of action” in over 277 Tesla stores, as well as Supercharger stations.

During a mass call on Wednesday, organizers, filmmakers, members of Congress, and other key individuals banded together to call for a mass demonstration against the electric vehicle maker this coming March 29, as noted in a report from The Verge.

Tesla Takedown

The Tesla Takedown movement emerged from critics’ opposition to Elon Musk’s increasingly political nature, his close relationship with U.S. President Donald Trump, and his work with the Department of Government Efficiency (DOGE), which is aimed at cutting unnecessary government spending and waste. Members of the Tesla Takedown movement have targeted the EV maker since a notable portion of Musk’s net worth is tied to his Tesla holdings.

Unfortunately, protests against the electric vehicle maker and Musk have become increasingly violent, with Tesla stores being shot up and vehicles being burned in acts of arson. Supercharger stations have also been targeted in arson attacks. Tesla owners’ vehicles have been vandalized and set on fire as well.

Amidst these attacks, Trump has noted that he considers such actions as domestic terrorism. Attorney General Pam Bondi has also noted that those behind the arson and vandalism against Teslas will be caught and persecuted.

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LFG! #teslatakedown GLOBAL DAY OF ACTION March 29Every showroom in America500+ around the worldLet's send these techno-fascists, broligarchs and old fashioned Nazis a message loud and clear. NO WAYPlan an action or find one near you: teslatakedown.com— #TeslaTakedown (@teslatakedown.com) 2025-03-20T01:48:34.522Z

“No Conspiracy,” but Still Wishing For Musk Takedown

During the hour-long call, actor and filmmaker Alex Winter, who promoted the Tesla Takedown movement on BlueSky, stated that there is no conspiracy to take down the electric vehicle maker. “There is no conspiracy, there is no well-funded cabal. It’s just Elon Musk who has taken Tesla down,” he said.

Alice Hu, executive director of Planet Over Profit, noted that protesters are looking to hold over 500 events across the world on March 29, with 277 Tesla stores expected to see demonstrations. She also stated that protesters should feel free to demonstrate at Supercharger stations. 

“We need to show Elon that he can throw a tantrum online because his stocks are tanking. He can get Trump to put on a humiliating used car show in front of the White House. These wannabe authoritarians can try to intimidate us from exercising our First Amendment rights, but they can’t stop us from fighting back,” Hu said.

Rep. Jasmine Crockett (D-TX) called for participants to fight, though she was quick to state that protests should be nonviolent. “The things that we’re fighting for, we are fighting for our country. We’re fighting for democracy. We’re fighting for our freedoms. And when I say fighting, I’m saying that figuratively. Obviously, everything that I am promoting is nonviolent,” she said. Interestingly enough, Crockett also stated that March 29 is her birthday, and “all I want to see happen on my birthday is for Elon to be taken down.”

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Elon Musk confirms two measures Tesla is taking to fight vandalism

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Credit: Tesla

Tesla CEO Elon Musk has announced two measures the company is taking to fight the vandalism that is going on at showrooms across the country as vehicles and even structures have been lit on fire, spray painted, or damaged by various means by those who oppose him or the automaker.

As attacks against Tesla owners and even the company directly continue to occur across the country, people have been wondering what the company will do to fight back. After President Trump and other members of the administration stated that attacks against the company would be treated as domestic terrorism, many thought things would cool down.

However, things have only intensified. Although several of the perpetrators have been arrested and are facing consequences, it seems the severity of the attacks has only gotten worse. Things like Molotov cocktails have been employed by protestors to show their distaste for the company.

Now, Musk is detailing several things Tesla is doing at its showrooms in hopes of ending everything that has gone on and persisted due to the resistance from those who oppose the automaker.

Musk says that Tesla is now ramping up security at its showrooms and is now using Sentry Mode on all vehicles to help catch perpetrators in the act.

We have seen security beef up in several high-profile locations, including Tesla’s Las Vegas location on Sahara Blvd., where Las Vegas Metro Police were spotted yesterday keeping things under control:

Additionally, Sentry Mode has already done a great job of catching several perpetrators in the act, like this one who was recently caught, arrested, and now faces up to 18 months in jail for keying a swastika in a Tesla:

Hopefully, these two measures can eliminate most of the issues Tesla has had at its showrooms. If not, there will likely be follow-up measures utilized by Tesla in hopes of ending this senseless vandalism.

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