Tesla rewards Elon Musk’s reality-distortion field

Tesla Rewards Elon Musk’s Reality-Distortion Field

The most notable event at Tesla’s annual shareholder meeting was not Elon Musk securing a nearly $1 trillion pay package, which many anticipated due to his strong support from retail shareholders and his voting power through extensive holdings.

More revealing was the shareholders' reaction to a proposal by New York State Comptroller Thomas DiNapoli to repeal a bylaw that effectively blocks regular shareholders from suing Tesla. The crowd, many dressed in Tesla-themed attire and enjoying the company’s distinctive lo-fi music, booed the proposal.

Tesla’s board consistently advises against accountability measures, routinely opposing efforts such as preventing child labor in the supply chain or adding sustainability criteria to executive compensation. Despite multiple opportunities presented by pension funds, human rights advocates, and individual investors to curb the company’s excesses, shareholders consistently side with the board—and ultimately with Musk—rejecting these proposals.

"Shareholders joyfully vote to dilute their own holdings to the benefit of Musk’s power grab."
"Tesla’s board recommended against voting for the measure, as they do with nearly every accountability measure proposed over the years."

Such patterns highlight the strong influence Musk wields over Tesla’s governance and the reluctance of shareholders to challenge the company’s leadership.

Author’s summary: Tesla shareholders consistently support Elon Musk’s vision and governance style, often rejecting accountability measures despite repeated calls for greater oversight.

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The Verge The Verge — 2025-11-07

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