Explore Tesla
Menu

Thank You, Tesla Shareholders

At Tesla’s 2025 Annual Meeting on November 6, Tesla shareholders – the owners of our company – overwhelmingly approved three proposals critical to our company’s future.

Our shareholders’ resounding vote of confidence demonstrates their belief in the vision embodied by Master Plan Part IV and in our singular leader, Elon Musk, who led Tesla to become one of the most valuable companies in history and who continues to push humanity closer to a future of sustainable abundance for all.

We have the most engaged shareholders of any public company and, as we embark on this massive wave of transformational growth, we remain in service to our investors, who gave us this mandate and runway to execute.

We thank you for your engagement, feedback and support.

 

A Letter from Our Board Chair

Thank You, Tesla Shareholders

At Tesla’s 2025 Annual Meeting on November 6, Tesla shareholders – the owners of our company – overwhelmingly approved three proposals critical to our company’s future.

Our shareholders’ resounding vote of confidence demonstrates their belief in the vision embodied by Master Plan Part IV and in our singular leader, Elon Musk, who led Tesla to become one of the most valuable companies in history and who continues to push humanity closer to a future of sustainable abundance for all.

We have the most engaged shareholders of any public company and, as we embark on this massive wave of transformational growth, we remain in service to our investors, who gave us this mandate and runway to execute.

We thank you for your engagement, feedback and support.

 

2025 Is a Critical Inflection Point for Tesla

We believe Tesla is on the precipice of another massive wave of transformational growth, as demonstrated by the unveiling of our Master Plan Part IV, which outlined a long-term vision to create Sustainable Abundance for all. But, to support this vision and the ambitious goals associated with our proposed 2025 CEO Performance Award, and the upside they are expected to deliver to shareholders, we must retain and incentivize Elon Musk and maintain a strong corporate governance structure that will enable us to continue our exceptional performance. Elon is a generational leader, and, under his visionary leadership, we have the potential to become the most valuable company in history, and, in return, create unprecedented value for our shareholders.1

View our Investor Presentation

In the Words of Industry Analysts, Reporters, Experts and Luminaries

View All

“The most important takeaway for us is how having Elon Musk committed to Tesla for the long term is critical for attracting and retaining the world class AI and robotics talent needed to execute Master Plan 4. This is even more important as several other multi-trillion-$ firms and startups compete for the same talent.” (Morgan Stanley, September 16, 2025)

Adam Jonas

Morgan Stanley Managing Director, Head of Global Auto & Shared Mobility Research

“[The 2025 CEO Performance Award] could be worth more than $1 trillion if – and only if – [Tesla] achieves eye-opening milestones that would make it one of the most valuable in history … The deal is the most honest attempt at pay-for-performance by any company out there.” (The New York Times “DealBook” Newsletter, September 5, 2025)

Andrew Ross Sorkin

Co-Anchor of CNBC’s “Squawk Box” and The New York Times Editor-at-Large

“Tesla shareholders including employees stand to benefit if Mr. Musk achieves the incentive package’s milestones. Society would also profit from Tesla innovations that improve living standards.” (The Wall Street Journal, September 17, 2025)

WSJ Editorial Board

“Tesla’s new incentive plan for Elon Musk signals he is here to stay and win. If he can pull off the long-term goal of an $8.5 trillion market cap company, this would be an incredible achievement and aligned with shareholders.” (William Blair, September 5, 2025)

Jed Dorsheimer

William Blair Analyst and Group Head of Energy and Sustainability

“[Elon] is our Einstein.” (CNBC; “Squawk Box,” January 22, 2025)

Jamie Dimon

Chairman and CEO of JPMorgan Chase

“Optimus is, I think, going to be the greatest product in the history of humanity.” (All-In Summit, September 9, 2025)

Jason Calacanis

Co-host of the “All-In Podcast”

“Elon Musk has always talked about wanting Tesla to be the most valuable company in the world. This is a pay package that incentivizes him to get there. And if he gets there, shareholders will also get there.” (Bloomberg TV; “Bloomberg Technology,” September 5, 2025)

Dana Hull

Bloomberg Business Reporter

“The pay package is more than a comp plan. It is a roadmap to where Tesla under Musk wants to go for the next decade with incentives to reach increasingly harder and harder heights.” (The Wall Street Journal, September 5, 2025)

Tim Higgins

Wall Street Journal Business Columnist

[1] Note: Based on market capitalization milestones compared to publicly traded companies as of the date of the definitive proxy statement.

Important Notice

Tesla, Inc. (“Tesla”) has filed with the U.S. Securities and Exchange Commission (the “SEC”) a definitive proxy statement on Schedule 14A (the “Definitive Proxy Statement”) and a proxy card with respect to its solicitation of proxies for Tesla’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”). The Definitive Proxy Statement contains important information about the matters to be voted on at the 2025 Annual Meeting. SHAREHOLDERS OF TESLA ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT TESLA HAS FILED OR WILL FILE WITH THE SEC BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT TESLA AND THE MATTERS TO BE VOTED ON AT THE 2025 ANNUAL MEETING. Shareholders are able to obtain free copies of these documents, and other documents filed with the SEC by Tesla, through the website maintained by the SEC at www.sec.gov. In addition, shareholders are able to obtain free copies of these documents from Tesla by contacting Tesla’s Investor Relations by e-mail at [email protected], or by going to Tesla’s Investor Relations page on its website at ir.tesla.com.

Tesla, its directors (Elon Musk, Robyn Denholm, Ira Ehrenpreis, Joe Gebbia, Jack Hartung, James Murdoch, Kimbal Musk, JB Straubel and Kathleen Wilson-Thompson), and certain of its executive officers (Vaibhav Taneja and Tom Zhu) are deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from Tesla’s shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information about the compensation of our named executive officers and our non-employee directors is set forth in the sections titled “Executive Compensation for Fiscal Year 2024” and “Compensation of Directors” in the Definitive Proxy Statement commencing on pages 130 and 152, respectively, and is available here. Information regarding the participants’ holdings of Tesla’s securities can be found in the section titled “Ownership of Securities” in the Definitive Proxy Statement commencing on page 160 and is available here.

Agree

I have read and agree to the terms of this website.