Tesla has issued a sharp response to major proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis, after both recommended that shareholders vote against CEO Elon Musk’s proposed $1 trillion compensation package and a shareholder proposal to invest in his artificial intelligence venture, xAI.
In a lengthy post shared on X, Tesla said, “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.”
The automaker went on to call Glass Lewis’s latest stance “another misguided recommendation,” arguing that it “disregards the fundamental purpose of public companies and who they serve – the shareholders.” Tesla also added, “These firms do not own Tesla – you do.”
Tesla accused both firms of applying “one-size-fits-all checklists” that “undermine shareholders’ interests,” pointing out that state and federal officials are already scrutinizing ISS and Glass Lewis over whether their recommendations truly align with the financial interests of shareholders.
“Shareholders have spoken twice on Elon’s 2018 CEO Performance Award,” Tesla said, adding that both firms’ latest guidance “attempt[s] to override the mandate our shareholders delivered to Elon and ignore the staggering financial results delivered under Elon’s leadership.” The post ended with a rallying call: “Vote yes to robots, not robotic voting. Vote with Tesla on ALL proposals.”
This latest clash follows Tesla’s announcement last month of an unprecedented $1 trillion CEO Performance Award for Musk, which would pay out in full only if he grows the company’s market capitalization to $8.5 trillion and meets a series of operational milestones. The plan builds on Musk’s 2018 award — worth over $50 billion today — which shareholders twice approved before a Delaware court struck it down.
The new plan will be voted on at Tesla’s annual shareholder meeting on November 6, alongside other proposals, including an investment in Musk’s AI startup xAI. Tesla has been heavily promoting the upcoming vote through social media and comprehensive marketing campaigns, urging investors to vote their shares and support the board’s recommendations across all agenda items.
Sure let's give him even more money. According to Grok:
10 Reasons Elon Musk Has Been Accused of Being a Habitual Liar
Elon Musk's public statements have drawn widespread criticism from fact-checkers, journalists, and experts for containing falsehoods, exaggerations, and misleading claims. These often amplify on X (formerly Twitter), where his posts reach billions of views without consistent correction. Below are 10 well-documented examples, drawn from independent analyses and reports. While Musk has driven groundbreaking innovations, these instances highlight a pattern of untruths across business, politics, and personal narratives.
"Funding Secured" Tesla Tweet (2018): Musk tweeted he had "funding secured" to take Tesla private at $420 per share, causing massive stock volatility and $12 billion in investor losses. No funding existed, leading to SEC fraud charges; Musk settled for $20 million and stepped down as Tesla chair.
Repeated False Promises on Tesla Full Self-Driving (FSD) (2015–Ongoing): Musk has annually claimed FSD autonomy is "next year" (e.g., 2019: "All Tesla cars being produced… enable full self-driving"), yet it's still Level 2 supervised driving, facing NHTSA probes for misleading marketing and safety risks.
Exaggerated Mars Colonization Timelines: Musk has promised manned Mars missions by 2024, then 2026, now delayed indefinitely, with SpaceX's Starship explosions contradicting his hype. Critics call this "vaporware" to boost investor confidence, despite no realistic path yet.
Pledges Not to Sell Tesla Shares (2012–2022): Musk vowed he'd be "the last one out" selling stock, but sold ~$40 billion in 2022 to fund Twitter acquisition, after earlier sales totaling billions, eroding trust in his financial commitments.
False Claims of Thai Cave Rescue Heroism (2018): Musk called diver Vernon Unsworth a "pedo guy" and falsely claimed his mini-submarine aided the Thai cave rescue (it was rejected as impractical). Emails revealed baseless smears, including child-trafficking lies; Musk lost a defamation suit.
Election Misinformation on Noncitizen Voting (2024): Musk repeatedly claimed Democrats are "importing illegal voters" via immigration, with posts viewed over 2 billion times (e.g., "illegals are not prevented from voting"). Fact-checkers debunked this; only citizens vote federally, and noncitizen registration is rare and illegal.
Misleading Michigan Voter Fraud Claims (2024): Musk alleged Michigan has "more voters than eligible residents," accusing officials of dishonesty. Debunked by Michigan's Election Fact Center; excess registrations are inactive and purged pre-election, but his posts fueled conspiracy theories with 45+ million views.
Inflated Government Spending Fraud Claims (2025): As DOGE co-head, Musk claimed "largest fraud in history" via Social Security data showing 398 million "eligible numbers" for dead people over 130. Misconstrued; only ~89,000 over 99 receive benefits, per SSA reports. Actual fraud is ~$100 million yearly, not trillions.
Fabricated USAID Aid Scandals (2025): Musk shared a fake video claiming USAID funded celebrity trips to Ukraine (e.g., Ben Stiller's) and $50 million for Gaza condoms. Video was Russian propaganda; trips self-funded, no such spending. He admitted some claims are "incorrect" post-fact-check.
Distorted Reuters Pentagon Contract Claims (2025): Musk accused Reuters of receiving millions for "large-scale social deception." The contract was for cybersecurity against hacks, not public deception; he ignored document details like "active social engineering defense" even after corrections.