Tesla Stock Drops Over 2% Amid Key Shareholder Meeting
Tesla shares fell more than 2% to around $452 early Thursday, reflecting investor caution ahead of the company’s pivotal annual meeting in Austin, Texas. On Wednesday, the stock had closed at $462.07, marking only the seventh time it ended above $460 and remaining close to its record closing high of $479.86 set in December 2024.
Despite the recent dip, Tesla shares have climbed 44% over the past three months. This surge is driven by growing optimism about the company’s advancements in artificial intelligence and robotics.
Agenda at the Annual Shareholder Meeting
Shareholders will vote on several proposals that could significantly impact Tesla’s direction. The most notable is the approval of CEO Elon Musk’s historic $1 trillion compensation package, the largest of its kind in corporate history.
The proposed pay package links Musk’s compensation to operational and market goals. To earn the full payout, Tesla must:
- Deliver 20 million vehicles over the next ten years
- Deploy one million robotaxis
- Increase market capitalization from the current $1.5 trillion to between $2 trillion and $8.5 trillion
Support and Opposition
“The goals are extraordinarily ambitious and would generate immense shareholder value if achieved.”
However, the plan faces opposition from several major investors, including Norway’s sovereign wealth fund and leading proxy advisory firms, which have criticized the package as excessive.
Author’s summary: Tesla’s stock volatility highlights investor uncertainty as shareholders weigh Elon Musk’s unprecedented $1 trillion pay plan tied to ambitious growth goals at a crucial annual meeting.
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