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Tesla has set a November 6th 
shareholder vote in Austin that 

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will decide whether Elon Musk 
receives a performance award 

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worth up to $1 trillion USD. 
Now, the board ties the award to

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aggressive operating and market 
milestones that would reshape 

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Tesla scale and governance. 
And the package would arrive 

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after a year where leadership 
questions met fierce debates 

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about pay and control. 
What outcome does this vote 

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create for Tesla strategy and 
for Musk's role across his new 

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companies? 
Tesla's chair, Robin Denholm, 

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tells investors that Musk could 
walk if the plan fails. 

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The warning lands as the voting 
window closes at 11:59 PM. 

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Eastern on November 5th, hours 
before the annual meeting at 

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Giga Texas. 
Now the message frames the vote 

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as a retention test that links 
Musk's time and attention to 

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shareholder approval. 
Now Tesla structure is the award

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as 12 tranches of stock options 
that vest only if Tesla hit 

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specific targets. 
And the targets include lifting 

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market value to about $8.5 
trillion and achieving major 

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progress in autonomy and 
robotics. 

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And the board positions the plan
as pay for performance with no 

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salary or cash bonuses. 
Now, the board asks investors to

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view this plan in light of 
earlier litigation. 

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And Delaware Corps previously 
voided Musk's 2018 option grant,

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which Tesla has fought as it 
built a new path to retention 

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and control. 
You know, the company rallies 

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support while proxy advisor 
scrutinized structure and 

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governance. 
Now Calper CalPERS breaks ranks 

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with Tesla's pitch and says it 
will vote against the plan. 

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The fund holds roughly 5 million
Tesla shares and argues that the

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award is too large and that it 
concentrates power in one 

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person. 
Elon Musk and 1 shareholder. 

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And the stance arrives one week 
before the meeting and gives 

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cover to other institutions that
question the packages. 

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Now, ISS advises investors to 
oppose the plan and site size 

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structure and commitment 
concerns. 

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Advisor points to the 
423,000,000 share scale and the 

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performance goals that could 
still yield large payouts before

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full targets are met. 
The guidance also challenges 

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board independence as it 
evaluates directors tied to the 

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plan. 
Now I want to know your ideas on

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this. 
There's one camp that says this 

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guy's going to be a 
trillionaire. 

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How could you give that much 
power to one person, that much 

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money to one person? 
And also they want to take the 

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power away from a singular 
person, right? 

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So that's one side of the story.
And if they do allow Elon to 

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keep his control and to keep 
doing what he does at Tesla, is 

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that giving him too much power 
now? 

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Of course, Elon is the center 
point of Tesla. 

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Without Elon, Tesla would not be
where it is today. 

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Without Elon, all of these 
shareholders wouldn't be making 

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as much money as they do. 
But also, we have to remember 

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what happened when Elon went all
political. 

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They lost shares. 
They lost sales people in their 

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regular demographics of the 
coastal cities in California. 

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They turned down Tesla and went 
to other vehicle manufacturers. 

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Now, if you are Elon Musk and 
you are threatening to leave the

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company because you don't think 
that what you have now is worth 

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it, and these are his words. 
Not not exactly, but he's 

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basically saying like, look, I 
might leave the company if I 

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don't get what I want. 
If I don't get this pay package,

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I don't think it's worth me 
working there anymore. 

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Now, everybody should understand
their value. 

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Personal side note, for the 
longest time, I didn't know my 

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value when I started in the 
business that I started in, I 

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was a coder. 
I was highly sought after. 

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I was charging people $300 to 
make them a website back when 

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websites were just becoming 
websites, you know, like back in

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the day. 
And if I would have reached out 

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to the right people, same 
websites, I could have gotten 10

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times that. 
I could have gotten 4005 

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thousand, 6010 thousand dollars 
for some of the sites that I was

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building. 
Eventually I learned that value,

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but also people should know 
their value. 

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And is Elon Musk worth a 
trillion dollars? 

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Is Elon Musk worth all of this 
power? 

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And that's up to him to decide, 
but that's up to him internally 

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to decide for himself. 
But since he is the head of a 

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company that has shares, it's up
to the shareholders to decide if

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he's actually worth it. 
Now let's talk about the other 

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side. 
The other side is that these 

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people believe in Elon Musk's 
vision. 

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They understand where he's 
coming from. 

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They know what he's done and 
what he's capable of. 

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They know how hard he works. 
They know his vision. 

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They know that he's going to try
to make a ton of his vehicles as

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soon as possible, which will 
open up a huge revenue stream, 

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which will skyrocket their 
shares. 

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They'll make a bunch more money.
And those are the people they 

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really want Elon to succeed. 
They want to keep him in there, 

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and they want him to not walk 
away. 

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But if you're Elon Musk and you 
say you're going to walk away if

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you don't get this pay package, 
what about all those decades of 

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work you put into this, all that
work you put into Tesla, all 

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that work that was put into all 
the amazing vehicles, all the 

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amazing technology? 
I don't know. 

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I'm torn on this one personally,
because I think what Elon has 

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done with Tesla is absolutely 
amazing. 

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I also think that anybody can 
make their own decisions as far 

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as what they're worth. 
If he does leave Tesla, this 

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company is going to tank. 
The stock is going to go down. 

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And he knows that they had, he 
has all the shareholders, you 

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know, or in the palm of his 
hand, because he knows, he 

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understands that if he threatens
to walk away because he doesn't 

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get this pay package, he knows 
that all of their money would be

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wiped out. 
He has them by the wallet. 

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And when he, or if he walks away
from this, then they are going 

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to tank. 
And of course, they're going to 

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lose millions and millions of 
dollars, hundreds of millions of

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dollars, some of them. 
So he has them by the cojones. 

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What do you do at that point if 
you're an investor? 

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I want to know if you're an 
investor in Tesla and I do have,

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I want to give a little, I want 
to give a, some insight here. 

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I do have a little Tesla stock, 
but I'm not going to vote yes 

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for this personally. 
And this is not advice, by the 

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way. 
I'm not going to vote for it. 

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But I don't have a huge, you 
know, I don't have millions of 

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dollars invested in Tesla, but I
do have a voice. 

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So I, I don't know, I'm torn. 
What do you think? 

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If you're a Tesla investor, let 
me know if you have some, if you

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have some shares, let me know. 
If you don't have shares, let me

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know too. 
I want to know what you think in

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the comments and whatever 
podcast platform you're on right

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now. 
This is a weird one. 

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Now the board has answered with 
a focus on retention and 

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incentive. 
Now Den Home has talked about 

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the risks of Tesla if they lose 
Musk or his role becomes 

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uncertain. 
And then Home positions the 

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award as a long term contract, 
which is tied to execution. 

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So I don't know, it's, it's a 
tough one. 

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And the mechanics of the vote 
add urgency to turn out in 

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timing as well. 
Investors cast ballots up to 

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late evening on November 5th, 
and the company convenes the 

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meeting on November 6th at Giga 
Texas. 

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So you only have a few hours to 
gauge late momentum before 

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results land. 
And you know when Mega or Giga 

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text this happens on November 
6th. 

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If they vote against it on 
November 5th, will Elon Musk 

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even show up? 
Who knows. 

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So the we're talking about 
ownership dynamics here. 

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If Tesla hits every single 
milestone, Musk's state could 

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rise into the mid 20s or higher,
which would expand his voting 

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power and reduce the risk of 
further dilution. 

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That outcome would satisfy his 
Musk's stated push for a 

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controlling position near or 
above 25%. 

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He wants to control as much as 
possible of Tesla now. 

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He's going to get paid for this.
Of course, Tesla leans on a road

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map that depends on AI, 
autonomy, and robotics to 

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justify a package scale to 
future value rather than current

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car sales. 
They know that the future is 

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autonomy. 
They know that as robotics. 

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Every major manufacturer for the
last 30 years, Mitsubishi, 

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Hyundai, Honda, they've all made
robots as well as cars. 

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And this is the game plan that 
Elon is doing. 

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He's doing autonomous vehicles 
as well, but he's making robots 

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just like the other car 
manufacturer have. 

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Now this board is arguing the 
Musk's role is central to the 

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execution timeline and to 
investor confidence through the 

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next phase of Tesla. 
It's a trade coming up in 

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November 6th. 
A yes vote locks an 

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unprecedented stock grant to 
performance goals, strengthens 

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Musk's stake, and sets a 
retention signal. 

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A no vote invites leadership 
uncertainty. 

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Who knows if he's going to 
leave, There's going to be 

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critics from this. 
It tests the board's contingency

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plans. 
Like what happens if Elon asked 

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actually does leave? 
Who do they put in his place? 

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But we're hearing some rumors 
about that and I'm going to 

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touch on that in the next few 
days about who could take over 

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if Musk leaves. 
I don't think he's going to 

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leave. 
I think people are going to keep

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him in. 
And that's just, you know, I, I 

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don't think he's done anything 
so bad that people would vote 

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him out. 
He has done some bad stuff. 

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And the, the stock has been OK, 
but the sales have been down and

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the stock keeps rising because 
of autonomy, not because car 

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sales. 
If they were only worried about 

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car sales, they would be really 
in a pickle right now. 

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Anyway, let me know what you 
think in the comments. 

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I really do appreciate your 
time. 

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Take care of yourselves and each
other, and I'll see you in the 

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next one. 
Hey, thank you so much for 

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00:11:39,840 --> 00:11:42,040
listening today. 
I really do appreciate your 

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00:11:42,040 --> 00:11:43,600
support. 
If you could take a second and 

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00:11:43,600 --> 00:11:46,520
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button on whatever podcast 

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It helps out the show 

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tremendously and you'll never 
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00:11:54,040 --> 00:11:57,400
And each episode is about 10 
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00:12:06,280 --> 00:12:08,720
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00:12:08,720 --> 00:12:09,240
tomorrow.