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🚨 BREAKING: Tesla employee drops truth bomb:
“Autonomy is the first attempt in human history to scale infrastructure in the real world as fast as software.”
Mind = blown. The software-defined future is here.
Last day to vote your Tesla shares ahead of our Annual Meeting – deadline is 10:59pm CT tonight
Vote “FOR” Proposals 1, 3 and 4
https://t.co/7fIP2UPWY2
With Tesla’s Annual Meeting fast approaching on November 6, Board Chair, Robyn Denholm, sent a letter to shareholders on the critical nature of this vote.
The fundamental question for shareholders at this year’s Annual Meeting is simple:
Do you want to retain Elon as Tesla’s CEO and motivate him to drive Tesla to become the leading provider of autonomous solutions and the most valuable company in the world?
Make your voice heard — vote with Tesla on ALL proposals today!
https://t.co/WbcKtqU02U
Dear Fellow Shareholders,
As you know, Tesla is at a critical inflection point, and we need your vote to help determine the future direction of our evolving company. Your vote matters, and the deadline for voting is 11:59pm ET on November 5th. The fundamental question for shareholders at this year’s Annual Meeting is simple:
Do you want to retain Elon as Tesla’s CEO and motivate him to drive Tesla to become the leading provider of autonomous solutions and the most valuable company in the world?
Kathleen and I engaged in a rigorous, seven-month Special Committee process resulting in a highly customized performance plan that aligns shareholder value and measurable business outcomes with the interests of our CEO. Our goal was two-fold: (1) retain and incentivize Elon to capitalize on the unique opportunities that lie ahead for Tesla and (2) do so in a manner that promotes the development of products and services that will propel our world toward a cleaner, safer, and more prosperous future while creating unparalleled value for our shareholders. We’ve done this by challenging Elon with the potential to secure what he values most—meaningful voting influence—conditioned on his commitment to continue leading Tesla for at least another 7.5 years while successfully driving our company to ambitious new heights. The bottom line is simple: Elon is rewarded only if and when he delivers extraordinary performance that benefits all Tesla shareholders.
When negotiating this performance award, we necessarily considered what Tesla’s future without Elon would look like, and we did not believe it was the future that our shareholders deserve. At a time when companies—both big and small—are competing to be the first to bring groundbreaking AI technologies to market, we could not risk losing the best leader in the industry to put Tesla on top. Now is a pivotal moment for our company to emerge as a leader in AI, and with our exceptional CEO at the helm, we are perfectly positioned to seize it.
Though it’s no question that Elon has other pursuits, he has proven that one of the many things that make him unique is his ability to stretch his capacity beyond normal limits and remain successful at Tesla. However, if we fail to foster an environment that motivates Elon to achieve great things through an equitable pay-for-performance plan, we run the risk that he gives up his executive position, and Tesla may lose his time, talent and vision, which have been essential to delivering extraordinary shareholder returns. Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become: a transformative force reimagining the fundamental building blocks of mobility, energy and labor, with products such as FSD and Optimus, and working to better humanity in the process. While there may be nothing wrong with being just another car company, our Board believes that Tesla can be more, that our shareholders deserve more, and that Elon is the right leader to help us achieve our full potential.
Elon’s leadership is also built upon the critical support of our “tailor made” governance structure, including our carefully constructed Board. Good governance should be customized to the company, not applied with a “cookie cutter” approach, and it is exemplified by the results that Tesla has delivered, and this Board has overseen. We therefore ask you to vote “for” the three members of the Board—Ira, Kathleen and Joe—who are up for re-election to ensure that the Board, which has worked alongside Elon for years, complementing and enhancing his efforts to deliver extraordinary shareholder returns, remains in place.
That is why your vote is so consequential to the future of our company. A vote here is both an endorsement of Elon’s vision and a vote for Tesla’s carefully tailored strategy and governance. I urge you to support Proposal One, which ensures the continued leadership and support of our outstanding and experienced directors, as well as Proposals Three and Four, which aim to keep Elon focused on our mission here at Tesla.
I feel strongly—as do the rest of my colleagues on our Board—that Elon singularly possesses the leadership characteristics and technical manufacturing know-how to keep us on the path towards maximizing long-term shareholder value as well as social good. We at Tesla are laser focused on exceptional performance—not promises—and we structure our awards in line with this principle.
If you care about building a better world for humanity and supporting our vision for Sustainable Abundance—then you should vote “FOR” Proposals One, Three and Four.
If you want Tesla to have a shot at becoming the world’s most valuable company—then you should vote “FOR” Proposals One, Three and Four.
Please read the Special Committee Report, which is attached to this year’s proxy statement, for a more detailed explanation of Kathleen’s and my work in coming to the essential conclusions embodied in the proxy statement and how we structured this performance plan to align Elon’s incentives with delivering extraordinary performance for all of you.
Thank you for your continued support of Tesla.
Very truly yours,
Robyn Denholm
Chairperson of the Board
Q3 Update
In Q3, we achieved record deliveries + energy storage deployments.
Alongside launching new + exciting products, our focus remains on scale.
Every Tesla delivered today is designed for autonomy & every Tesla energy storage product is capable of being enhanced + optimized by our virtual power plant or Autobidder functionality.
Maximizing our deliveries + deployments means delivering increasing value to all of you over time via AI-powered services.
As such, we continue to deliver a fleet of products that bring AI into the real world as we pursue a future of sustainable abundance as outlined in our Master Plan Part IV.
North America @tesla_na
– Launched Model 3/Y Standard, each with >300 mi of range & starting at $36,990 / $39,990 respectively, making our products more accessible
– Launched Model Y Performance
EMEA @teslaeurope
– Model Y is the best-selling vehicle in Norway, Switzerland & Iceland YTD, in Finland for Q3 + in the Netherlands & Denmark in September
– Produced 100,000th refreshed Model Y at Giga Berlin + started production of Model Y Performance
– We continue to pursue the launch of FSD Supervised in Europe, pending regulatory approval
APAC @tesla_asia
– Launched the Model YL in China, a longer wheelbase version of the Model Y with 6 seats and 3 rows
– Achieved record deliveries in South Korea, Taiwan, Japan & Singapore + began deliveries of the Model Y in India
– Launched FSD Supervised in Australia + New Zealand
– South Korea is now our third largest market behind only the US & China
AI Software + Hardware @tesla_AI
– Started rolling out v14 of FSD Supervised in October, bringing a large portion of the Robotaxi FSD model to our owners + improved handling of several complex scenarios such as avoiding road debris, yielding for emergency vehicles & adding arrival options to indicate where FSD should park
– Expanded both our service area + fleet count for our Robotaxi service in Austin & launched our Bay Area ride-hailing service
– Announced a deal to manufacture advanced semiconductors for AI inference and training in the US w/ Samsung + further expanded our AI training compute capacity, bringing Cortex to a total of 81k H100 equivalents
Vehicle + other software
– @Robotaxi iOS app is now available to everyone in the US & Canada – download to join the waitlist
Over-the-air updates bring you new features overnight:
– Grok (an AI companion) for vehicles in North America
– Low Power Mode to help conserve energy (useful when traveling)
– Light Sync that synchronizes the car’s interior accent lights with music
– You can also order food directly from your vehicle touchscreen before arrival at the Tesla Diner in Los Angeles
– Tesla app users can now pinpoint vehicle concerns + diagnose urgent issues to dispatch mobile technicians, making the service experience even smoother
Battery, Powertrain & Manufacturing
– Both Model 3 + Model Y Standard feature a new battery pack & powertrain designed for energy + cost efficiency
– We expect our lithium refinery in Texas to begin production in Q4 2025 & our LFP lines in Nevada to begin production Q1 2026
Energy @teslaenergy
– Highest quarterly energy storage deployments ever!
– Unveiled our next-generation industrial storage product – Megablock –, a pre-engineered, medium voltage battery that integrates four Megapack 3s.
This new + simplified architecture incorporates hardware, software & services in a single package up to medium voltage, enabling rapid utility-scale deployment with faster interconnection to the grid and reduced complexity for customers.
Will begin production at Megafactory Houston in 2026 with up to 50 GWh per year of manufacturing capacity
Services and other @TeslaCharging
– Added >3,500 net new Supercharging stalls in Q3, growing the network 18% year-over-year
– Launched our first v4 Supercharger cabinets = 3x the power density + 2x the number of stalls per cabinet compared to V3, bringing higher throughput + efficiency, lower cost & faster deployments
V4 Superchargers enable 500kW charging for passenger vehicles & 1,200kW charging for @Tesla_Semi, enabling the fastest charging time for trucks in the US
https://t.co/dOjSLhd10p
ISS and Glass Lewis have recommended against Tesla’s proposals time and time again since the 2018 CEO Performance Award was introduced.
It’s a good thing our shareholders ignored those recommendations otherwise they may have missed out on our market capitalization soaring by 20x from March 2018 to August 2025.
Now, Glass Lewis has followed ISS and issued another misguided recommendation that again disregards the fundamental purpose of public companies and who they serve – the shareholders. These firms do not own Tesla – you do.
Glass Lewis’s one-size-fits-all checklists undermine shareholders’ interests, including by opposing proposals designed to build long-term value at Tesla. The shortcomings of these proxy advisors are echoed by state and federal officials, who are scrutinizing ISS’s and Glass Lewis’s practices, including by implementing laws that require that their recommendations be based on the financial interests of shareholders, implying a failure to do so in the past and presently.
Shareholders have spoken twice on Elon’s 2018 CEO Performance Award. ISS’s and Glass Lewis’s recommendations attempt to override the mandate our shareholders delivered to Elon and ignore the staggering financial results delivered under Elon’s leadership, elevating their rigid policies over shareholder value.
Glass Lewis’s recommendations on Ira and Kathleen are indefensible. Ira continues to drive major growth, having built an effective and tailored governance regime and brings technical rigor to Tesla’s toughest product and strategy calls. Kathleen has been a part of two of the most transparent governance processes in modern day corporate America and brings decades of legal, operating, compensation, human capital and management expertise critical to winning the AI talent war.
Vote yes to robots, not robotic voting. Vote with Tesla on ALL proposals.