Oct 20, 2025
3 min read
((Automatically translated by Reuters using Machine Learning and generative AI. See the following disclaimer: https://bit.ly/rtrsauto)) (Add details from Gl... - 20/10/2025 at 21:46 -
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(In paragraphs 3 and 9, he adds details from Mirror Levi, Tesla comments in paragraphs 4-5)
Solid-state expert Glass Lewis Tesla TSLA.O is backing shareholders against Chief Executive Elon Musk's proposed $1 trillion compensation plan days after the ISS also urged investors to reject what would be the largest compensation package ever given to the company's chief executive.
Glass Lewa's recommendation meeting will increase the pressure on Tesla's leadership, the latest total investment pressure on November 6 was revised to 56% in May after the budget attack loaned $56 billion.
Glass Lewis said the potential dilution of shareholder value and the details of the proposed payment terms were "of significant concern".
The recommendations by Glass Lewis and ISS "attempt to override the mandate our shareholders have given Elon and ignore the shocking financial results achieved under Elon's leadership, putting their rigid policies ahead of shareholder value," Tesla said in a post on X.
"Glass Lewis' unique checklists are detrimental to shareholder interests, including counter-proposals aimed at creating long-term value at Tesla," the electric car maker said.
Last year, two proxy advisory firms urged shareholders to reject a $56 billion compensation plan.
Last month, Tesla's board proposed Elon Musk's compensation plan, which was described as the largest in the company's history, set ambitious performance goals and aimed to fulfill his desire to exercise more control over the company.
However, the record salary plan may cost tens of billions of dollars even if it does not achieve most of the ambitious goals, thanks to the structure of the divisions and the share prices.
Glass Lewis also opposed the vote on Tesla's investment in the intelligence firm Muki, Xi.Although the representative advisor is not necessarily involved in the investment, he said of such a decision: “We should allow the decision and ultimately the believers decide, not the believers.”
The adviser's compensation and investment guidance are part of a broader set of voting recommendations released Monday.
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