"Ahead of Tesla's Q3 2025 earnings report, a coalition of unions and watchdogs launched the "Take Back Tesla" initiative, urging investors to reject Musk's pay proposal at next month's annual meeting. The plan would grant the CEO additional shares worth nearly $1 trillion over ten years, expanding his ownership stake in the company to about 25%. Unions and watchdogs argue that Elon Musk's proposed plan rewards distraction."
"In order to unlock the full amount of shares proposed in this compensation plan, Tesla's value would need to increase dramatically to $8.5 trillion. As Tesla's proxy statement points out, that would make Tesla roughly 2x as valuable as the most valuable company in the world (Nvidia) today. Arguably, growing Tesla's value to double the value of Nvidia would justify paying Musk something like double the compensation of Nvidia's CEO."
A coalition of unions and watchdogs launched the Take Back Tesla initiative urging investors to reject Elon Musk's 2025 CEO Performance Award at the annual meeting. The proposed plan would grant Musk additional shares worth nearly $1 trillion over ten years and raise his ownership stake to about 25%. Supporting groups include the American Federation of Teachers, Public Citizen, Americans for Financial Reform, Ekō, People's Action, and Stop the Money Pipeline. Campaigners argue the award rewards distraction from core leadership due to Musk's political ventures and external businesses, and would deepen governance risks while weakening corporate accountability. Proxy estimates link full payout to an $8.5 trillion company valuation.
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