Tesla Reports Shareholder Approval of Equity Plan and CEO Performance Award
Summary
On November 6, 2025, Tesla shareholders approved the Amended and Restated 2019 Equity Incentive Plan and the 2025 CEO Performance Award for CEO Elon Musk at the Annual Meeting. The 2025 CEO Performance Award, granted on September 3, 2025, consists of 423,743,904 performance-based restricted shares (via Ex. 10.2).
Why It Matters
The approval of the 2025 CEO Performance Award, granting 423,743,904 shares to Elon Musk, is a material signal as it represents a significant equity compensation package tied to performance, aligning CEO interests with long-term shareholder value. The A&R 2019 Equity Incentive Plan also supports attracting and retaining talent.
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Key Quote
“the 2025 CEO Performance Award. This proposal was approved.”
— From Item 5.07
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001318605
- Filing Date
- Friday, November 7, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive