Tesla rewards Elon Musk’s reality-distortion field

Tesla Rewards Elon Musk’s Reality-Distortion Field

The most remarkable moment at Tesla’s recent annual shareholder meeting was not Elon Musk securing an unprecedented pay package close to $1 trillion—an expected outcome due to his popularity among retail investors and control over his shares. Instead, the spotlight fell on shareholders’ reaction to a controversial bylaw.

Many shareholders, adorned in Tesla-themed attire and enjoying the company’s signature lo-fi music, booed a proposal by New York State Comptroller Thomas DiNapoli. The proposal sought to repeal a bylaw that makes it nearly impossible for typical shareholders to sue Tesla.

Tesla’s board had advised against this measure, a stance it frequently takes on accountability-related proposals. Repeatedly, pension fund managers, human rights activists, and individual investors attempt to push for basic reforms—such as combating child labor in Tesla’s supply chain or including sustainability metrics in executive compensation.

Despite these efforts, shareholders consistently side with the board—and by extension Musk—rejecting these accountability initiatives.

“Is this ‘sustainable abundance’? Shareholders joyfully vote to dilute their own holdings to the benefit of Musk’s power grab.”

Such unanimous shareholder support highlights the strong influence Musk commands within Tesla’s governance, often overriding attempts to introduce more responsible corporate practices.

Author’s summary: Tesla’s shareholders repeatedly prioritize Elon Musk’s control over accountability measures, voting against proposals that aim to increase corporate responsibility.

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The Verge The Verge — 2025-11-07

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