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When Tesla’s 2025 Annual Shareholder Meeting comes up in early November, there will be a major decision put to vote: Whether or not Elon Musk gets a new $1 trillion pay package that not only enriches him further, but also gives him stronger voting power in the company. There are many who don’t want that, and they’ve formed the Take Back Tesla movement to urge shareholders not to vote in support of Musk’s new pay package. The Take Back Tesla movement started a website that puts its mission front and center: “Vote NO on Musk.” The group is composed of representatives from Americans for Financial Reform, Education Healthcare Public Services, Communications Workers of America, and more, and those groups have united in opposition of the vote that would provide Elon Musk with a new pay package. The group claims it is outrageous to award Musk such a package given damage he’s done to the company’s public brand and an alleged reduction in sales and market share as a result. Musk is angling for a package that would award him around $975 billion worth of Tesla shares over the course of several years and based on certain company milestones. Besides increasing his wealth further, the pay package would also increase his voting power in Tesla shareholder decisions, for which he already has an estimated 15.73 percent stake in the company. The 2025 Annual Shareholder Meeting is on November 6, 2025. As we watch to see what comes of it, stay tuned to the Tesla topic for more updates and news.
