Overview
- On Tesla’s earnings call, Elon Musk denounced ISS and Glass Lewis and dismissed their guidance as asinine.
- Tesla chair Robyn Denholm urged investors to ignore the proxy firms’ “one-size-fits-all” analyses and vote with the board.
- The advisers warned the proposed award could significantly dilute other holders and give Musk a materially larger stake.
- Musk said the package is about securing sufficient voting influence, citing a target in the mid‑20s percentage if ambitious goals are met.
- The plan could grant up to $1 trillion in stock if Tesla reaches an $8.5 trillion valuation and achieves milestones such as one million robots and one million robotaxis, and the board has warned he could leave if it fails.