① According to the rules, Musk himself can utilize approximately 15% of his company shares for voting. ② The voting progress statistics on the Broadridge platform show that about 80% of votes have been cast, with more than 55% in favor. ③ Tesla's annual shareholders' meeting may also unveil the latest developments and future plans for its robotics and Robotaxi businesses.
The STAR Market Daily News, November 6th, reported that after the U.S. stock market closes on Thursday (November 6th, local time), $Tesla (TSLA.US)$ the annual shareholders' meeting will be held. This means that the biggest suspense surrounding the company recently – whether the proposal for a 10-year compensation plan for CEO Musk will pass – is about to be revealed.
It is reported that this vote follows the “one share, one vote” principle, meaning voting weight is proportional to the number of shares held. This implies that Musk himself can vote with approximately 15% of the company shares he holds. Additionally, Counterpoint Global, a division of Morgan Stanley and Tesla's sixth-largest shareholder, has explicitly stated it will vote in favor of Tesla’s proposed performance-based compensation package for Musk.
Just last week, Robyn Denholm, Chair of Tesla, sent a letter to shareholders warning that if Musk’s 10-year compensation plan is not approved, he may step down as CEO, and Tesla would lose his talent and vision. Cantor Fitzgerald analyst Shepard bluntly stated that more than 50% of shareholders now believe “Tesla is Musk, and Musk is Tesla.”
However, some major shareholders have explicitly opposed this compensation plan. On November 4, Norges Bank Investment Management, Tesla’s seventh-largest shareholder with just a 1% stake, stated: “While we recognize the significant value created by Mr. Musk’s exceptional leadership role, we have concerns regarding the total amount of this reward, equity dilution, and the unresolved key person risk.”
As of the afternoon of November 5, Broadridge platform statistics showed that approximately 80% of votes had been cast, with over 55% choosing in favor.
Regarding the possibility of the vote not passing, Denholm revealed that if the vote fails, Tesla has prepared a “Plan B.” In fact, when the compensation plan was formulated, Tesla had already required Musk to develop a framework for executive succession.
In terms of the content of the compensation plan, Musk will have the opportunity to earn an additional 12% of Tesla’s shares, with a potential reward value slightly exceeding $1 trillion. The prerequisite is that he must achieve the following milestone goals within the next 10 years:
Increase Tesla’s valuation to $8.5 trillion, nearly eight times its current valuation;
Cumulatively deliver 20 million Tesla vehicles;
Achieve 10 million FSD subscription users;
Deploy 1 million Optimus robots.
According to an Orient Securities research report on November 3, the salary vote is expected to pass with a high probability. The approval of this compensation plan will provide more momentum for Elon Musk to advance the development of robotics. As CEO, Musk holds significant importance for Tesla, and the mass production wave of Tesla's humanoid robots is also expected to commence.
Based on Tesla’s Q3 earnings call, Musk projected that humanoid robots would enter mass production by 2026. He mentioned that the Optimus V3 prototype is expected to be finalized between February and March 2026, with plans to produce 50,000 robots next year, scaling up to 1 million units by 2030.
CSC Financial Co., Ltd. noted that the humanoid robotics industry is on the verge of transitioning from zero to one. Key milestones such as Tesla’s Gen3 finalization and mass production定点 (定点 translates to 'fixed-point' or 'designated location') are supporting market expectations. Meanwhile, the finalization of Optimus is expected to drive convergence in hardware technology pathways. The sector may gradually enter a phase of distinguishing genuine opportunities from speculative ones. Continuous catalysts from policy guidance, capital operations, and order fulfillment are driving domestic supply chains. It is recommended to focus on complete machine manufacturers and core配套 (配套 translates to 'supporting' or 'complementary') supply chain targets.
On the other hand, Tesla's annual general meeting may simultaneously announce the latest developments and future plans for its robotics and Robotaxi businesses. Recently, Musk stated on social media that the Cybercab will begin mass production in the second quarter of 2026 without a steering wheel or pedals, demonstrating Tesla’s confidence in achieving large-scale fully autonomous driving applications by 2026.
From an investment perspective, Orient Securities pointed out that auto parts suppliers confirmed to enter Tesla’s automotive配套 (配套 translates to 'supporting' or 'complementary') system are expected to benefit. Competitive domestic brands and companies leading in intelligent driving technology will continue to expand their market share. Huaxin Securities judged that the acceleration of intelligence in the automotive industry is progressing, and the core logic of the industrial chain is expanding from “electrification” to “intelligence + embodiment.” It is recommended to focus on three main themes: pioneers in vehicle manufacturer intelligence, core supply chains for intelligent driving, and manufacturers extending into embodied intelligence tracks.
Tesla voting address:How to Vote - Tesla
As a structured product with fixed dividends, FCN offers the following advantages:
1. Stable monthly dividend: Receive agreed coupon payments monthly during the holding period, ensuring stable and predictable cash flow.
2. Downside protection: As long as the price does not fall below the safety line at maturity, investors can recover 100% of the principal even if the stock price declines.
3. Flexible underlying stocks: Investors can choose single or multiple stocks (underlying assets), making it easier to align with different risk preferences and investment objectives.
Click here to view FCN products>>
Editor/Rocky
