The 2025 Tesla Shareholder Meeting will take place tomorrow at the automaker’s global HQ (Gigafactory Texas, 1 Tesla Road, Austin, Texas 7872).
A couple of months ago, the company’s board released a list of recommendations to vote for and against at the meeting.
The most important and talked-about proposal is the jaw-dropping $1 trillion CEO Performance Award. The board is convinced that, to achieve the company’s ambitious goals in AI, self-driving, and robotics, CEO Elon Musk should remain at the helm for the foreseeable future.
In a report on X (Twitter) by Tesla owner, retail investor, influencer, Sawyer Merritt confirmed that a large brokerage firm, Charles Schwab Corp, has decided to vote in favor of Elon Musk’s $1 trillion pay package.
Charles Schwab manages a large number of Tesla (TSLA) retail investor accounts. According to Sawyer, he talked to multiple people at the brokerage firm, and they all confirmed that the company is going to vote for Elon Musk’s performance-based $1 trillion CEO compensation plan.
“Schwab asset management intends to vote in favor of the 2025 CEO Performance Award proposal. We firmly believe that supporting this proposal aligns with management and shareholder interest,” Charles Schwab’s statement via Sawyer Merritt/X.
Historically, Charles Schwab Corp voted against Elon Musk’s 2024 and 2018 Performance Awards. However, this time, the interest of retail investors has pushed the investment company to reconsider its previous decisions.
Cathie Wood of ARK Invest is supporting Elon Musk’s 2025 CEO Performance Award. She has been a long-time optimist/bull Tesla investor and believer in Musk’s vision of the future.
“I do not understand why investors are voting against Elon’s pay package when they and their clients would benefit enormously if he and his incredible team meet such high goals,” Cathie wrote on X yesterday.
So, ARK Invest and such other investors are going to vote in favor of Musk’s $1 trillion pay package in tomorrow’s voting. However, the votes are not going to be public until next year’s meeting.
To get this never-before-paid compensation package, Elon Musk will need to take Tesla’s market value to $8.5 trillion. Currently, Tesla (TSLA) has a market capitalization of $1.4 trillion.
So, it’s going to be a tough challenge for Elon Musk, but truly rewarding as well. On a rough estimate, Tesla retail investors will also receive $3 trillion worth of TSLA shares as Musk gets $1 trillion.
Tesla’s stock price is recovering in today’s daytime trading and is up around 2.5%. Around 1:00 PM EST, as of this writing, a TSLA share is trading at $454.67 (+$10.11).
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 investors are voting in favor of Elon Musk's $1 trillion pay package at the 2025 Annual Shareholder Meeting.){kind=link}