Tesla Shareholders Advised to Vote for Binding Proposal 6 and Advisory Proposal 13 by John Chevedden

John Chevedden has filed an exempt solicitation statement to urge Tesla shareholders to vote for two Simple Majority Vote Proposals: Proposal 6 (amending the certificate of formation and bylaws to eliminate supermajority voting requirements) and Proposal 13 (an advisory proposal that garnered 54% support at the 2024 annual meeting). Chevedden also recommends voting against Ira Ehrenpreis, Chair of the Tesla Governance Committee, at the 2025 annual meeting.

Tesla (TSLA) will hold its 2025 Annual Shareholder Meeting on November 6 at the Gigafactory Texas, with live webcasting available on its official website Tesla (TSLA) asks investors to vote for Musk’s $1 trillion pay package at the 2025 Shareholder Meeting^[1]. The meeting will feature presentations from Elon Musk and other top executives, highlighting past-year achievements and future plans. The company is at a critical inflection point, driven by advancements in AI, robotics, and self-driving cars, which have prompted a shift in its mission statement.

The company's board believes Elon Musk is the only visionary entrepreneur who can steer Tesla through this technological shift. To keep Musk motivated, Tesla has proposed a comprehensive compensation plan that includes a potential $1 trillion worth of Tesla shares upon achieving certain milestones over the next 7.5 to 10 years Tesla (TSLA) asks investors to vote for Musk’s $1 trillion pay package at the 2025 Shareholder Meeting^[1]. Musk must guide Tesla to a market capitalization of $8.5 trillion and maintain it for a set period to be eligible for the compensation. Currently, Tesla stands at a market capitalization of just above $1.3 trillion at $420 per share Tesla (TSLA) asks investors to vote for Musk’s $1 trillion pay package at the 2025 Shareholder Meeting^[1].

John Chevedden, a Tesla shareholder, has filed an exempt solicitation statement urging investors to vote for two Simple Majority Vote Proposals: Proposal 6, which amends the certificate of formation and bylaws to eliminate supermajority voting requirements, and Proposal 13, an advisory proposal that garnered 54% support at the 2024 annual meeting . Chevedden also recommends voting against Ira Ehrenpreis, Chair of the Tesla Governance Committee, at the 2025 annual meeting.

In addition to Musk's compensation plan, the meeting will consider proposals for electing directors, approving executive compensation, and ratifying the appointment of PricewaterhouseCoopers LLP as Tesla’s independent registered public accounting firm Tesla (TSLA) asks investors to vote for Musk’s $1 trillion pay package at the 2025 Shareholder Meeting^[1]. Shareholder proposals, if presented properly, may also be considered.

Investors are encouraged to vote with the board's recommendations on all proposals. The future of Tesla and its transformational growth is at stake, and shareholder votes will play a crucial role in shaping the company's direction Tesla (TSLA) asks investors to vote for Musk’s $1 trillion pay package at the 2025 Shareholder Meeting^[1].