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We pay for outstanding performance – not for promises. In 2018, shareholders approved a groundbreaking CEO Performance Award that delivered extraordinary value. At our Annual Meeting on November 6, Tesla shareholders can vote on a pay-for-performance plan designed to drive our next era of transformational growth and value creation....

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Tesla

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We have put forward two especially important proposals for our Annual Meeting of Stockholders—and we need your vote. Protect your rights as stockholders & protect the value of your investment by voting FOR the ratification of the 2018 CEO Performance Award & FOR Reincorporating Tesla in Texas. Read more details here →

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In 2014, Elon Musk was asked whether he would stay on as the CEO of Tesla, given that he had his plate full with two companies. (Ten years ago, running 2 major companies was seen as a lot for Elon) He said that he would stay for 4 or 5 years, through 2018 - 2019, to see the ramp of the Model 3 through to completion. After Elon and his team successfully ramped the Model 3 to profitability (which by the way everyone also said was impossible), Elon was supposed to leave and choose a new CEO to run Tesla. Instead, we got the revolutionary 2018 compensation plan that retained Elon as CEO for the future by offering him stock options if he could take Tesla to heights that were considered "laughably impossible" by the media at the time. Against all odds, Elon achieved every single goal in the plan, and Tesla hit a $650 billion market cap. And it didn't stop there, as we all know. Elon stayed as CEO long past when his tour of duty was supposed to be over, and made Tesla a global success story. Then courts struck his comp plan down. Most CEOs would probably leave at this point. You offered me stock options so I would stay on as CEO, the plan got invalidated... why am I still dealing with the daily headaches and insane drama of running this company? But Elon is not most CEOs. He cared about his shareholders, and he stayed and made sure their investment was protected. And shareholders have done very well. Tomorrow, at Tesla's 2025 shareholder meeting, we have a chance to retain Elon for the future, make sure he has control of the company — not Wall Street — and right the wrongs of the 2018 plan. Elon kept his end of the deal for us, let's keep up our end of the deal to him. If we don't, we will realize as we face the impossible task of replacing him just what someone like him is worth. That's why I'm voting yes today with every $TSLA share I own. Who else is with me?
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