Tesla has set its annual shareholder meeting for December 3, where investors will vote on re-electing Elon Musk as CEO, board chair Robyn Denholm, and director JB Straubel for three-year terms. The meeting will also include an advisory vote on Musk’s $158.36 billion compensation package for 2025 and the ratification of auditor PricewaterhouseCoopers (PwC) for 2026, according to Tesla’s SEC filing reported by livemint.com.
The proxy statement filed on Monday outlines three voting items with no shareholder proposals. Tesla’s board has recommended shareholders approve all proposals. The meeting will be held at 3 pm Central Time at Gigafactory Texas in Austin and online. Investors holding Tesla shares as of the October 13 record date are eligible to vote. The filing also revealed no proposal to approve a merger with SpaceX, Musk’s other company.
This vote is significant given Musk’s high-profile leadership and the size of his compensation package, which is among the largest ever proposed for a CEO. The re-election of Musk and other board members will extend their terms through 2029. PwC has been Tesla’s auditor since 2005, and its ratification continues a long-standing relationship. The absence of a SpaceX merger proposal suggests Tesla is focusing on governance and compensation matters at this meeting.
The December 3 annual meeting will decide on Musk’s CEO role, his pay package, and the board’s makeup. The shareholder vote on these items is non-binding but influential in shaping Tesla’s governance. The company’s board chair Robyn Denholm and director JB Straubel are also up for re-election alongside Musk, marking a critical governance moment for Tesla.