Tesla rewards Elon Musk’s reality-distortion field

Tesla Rewards Elon Musk’s Reality-Distortion Field

Shareholders celebrated what they called “sustainable abundance” by voting to dilute their own stakes in favor of Elon Musk’s growing influence. At Tesla’s annual shareholder meeting on Thursday, the most notable moment wasn’t the approval of the almost $1 trillion compensation plan for Musk — that outcome was expected due to his strong retail investor base and large personal holdings.

The real revelation came when the crowd, many dressed in Tesla-themed clothing and swaying to the company’s lo-fi background music, reacted to a proposal by New York State Comptroller Thomas DiNapoli. His motion sought to revoke a recently introduced bylaw that blocks regular shareholders from suing the company.

“Tesla’s board recommended against voting for the measure, as it does with nearly every accountability measure proposed over the years.”

Over time, pension fund managers, human rights advocates, and individual investors have repeatedly attempted to hold Tesla accountable. They have suggested modest reforms — from preventing child labor in supply chains to linking executive pay with sustainability goals. Yet, almost every time, shareholders side with the board and, more precisely, with Musk himself, dismissing these efforts.

Author’s Summary

Tesla’s shareholders consistently empower Elon Musk, favoring his control over transparency efforts even when reforms could enhance corporate responsibility.

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The Verge The Verge — 2025-11-07

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