— Tesla (@Tesla) October 17, 2025 Unlike the 2018 pay deal, Musk will be allowed to vote his shares this time, giving him about 13.5% of Tesla’s voting power, according to a securities filing last month. That stake alone could be enough to secure approval. The proxy adviser cited the “astronomical” size of the proposed grant, design features that could deliver very high payouts for partial goal achievement and potential dilution for existing investors. The proxy adviser cited the “astronomical” size of the proposed grant, design features that could deliver very high payouts for partial goal achievement and potential dilution for existing investors. REUTERS ISS “once again completely misses fundamental points of investing and governance,” Tesla said in a separate post on X, while reiterating the call to vote for all proposals. “It’s easy for ISS to tell others how to vote when they have nothing on the line,” Tesla said. ISS valued the stock-based award at $104 billion, higher than Tesla’s own estimate of $87.8 billion. The grant would vest only if Tesla reaches market capitalization milestones up to $8.5 trillion and operational targets including delivery of 20 million vehicles, one million robotaxis and $400 billion in adjusted core earnings. The proxy adviser’s guidance on Musk’s pay was part of a wider set of voting recommendations issued on Friday. Filed under