Tesla has opened registration for its 2025 Annual Shareholder Meeting, set for November 6, 2025, and will once again be using a lottery system to decide who can attend in person. Eligible shareholders must register for the random drawing by October 10 at 11:59 p.m. Central Time, with winners notified during the week of October 13.
To sign up for your chance to attend, you can visit Tesla’s website. Of course, only registered shareholders can sign up.
This process mirrors past years, where demand to attend far exceeded available seating. This year’s meeting is expected to be one of the most significant in Tesla’s history, with two critical proposals on the ballot that could reshape the company’s compensation structure and secure Elon Musk’s leadership for years to come.
Proposal Four: Musk’s 2025 CEO Performance Award
Even though it is not the first proposal, the headline proposal is a new CEO Performance Award for Elon Musk, designed as a “pay-for-performance” package directly tied to shareholder value creation. Under the plan, Musk earns nothing unless Tesla achieves a set of highly ambitious milestones, including massive growth in both market capitalization and operational performance.
If successful, Musk could earn up to $1 trillion in shares, while Tesla estimates the company’s valuation could soar to $8.5 trillion, creating more than $7 trillion in value for shareholders.
Supporters say the award ensures Musk’s time and energy remain focused on Tesla, while critics caution about governance risks and the unprecedented size of the potential payout.
Proposal Three: Equity Incentive Plan and Share Reserves
Tesla is asking shareholders to approve an Amended & Restated 2019 Equity Incentive Plan. The proposal has two major components:
- A special reserve of nearly 208 million shares, which would give Tesla’s board flexibility to address the unresolved status of Musk’s 2018 CEO Performance Award, currently tied up in the ongoing Tornetta litigation, without requiring another shareholder vote.
- An additional 60 million shares added to the general reserve, ensuring Tesla can continue granting equity awards to employees in the coming years.
Tesla argues that these measures are vital to both honouring past commitments and attracting and retaining talent in an increasingly competitive market.
Investment in xAI
Another notable proposal is whether Tesla should take a stake in Musk’s xAI startup. Given Tesla’s growing reliance on artificial intelligence for self-driving technology and robotics, the decision could significantly influence the company’s future direction.
Board Elections and Governance Reforms
Shareholders will also vote on re-electing board members Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson. Governance changes, including efforts to eliminate certain supermajority voting requirements, are also on the ballot. Meanwhile, investor groups have pressed for greater shareholder rights, such as lowering thresholds for filing legal claims.
ESG Proposals Pushed Aside
Tesla faced more than a dozen environmental and social proposals, covering issues from political spending disclosures to emissions goals. However, the company successfully petitioned regulators to exclude most of them, reducing the number of ESG measures shareholders will formally vote on this year. These topics could still resurface during the live Q&A session, a staple of Tesla meetings.
