Tesla Sets Its 2026 Shareholder Meeting for December 3, and There’s No Merger Vote on the Ballot

Image: Tesla
Tesla will hold its 2026 annual shareholder meeting on December 3 at 3:00 p.m. Central Time, and the ballot is about as short as it gets.
That’s according to Tesla’s definitive proxy statement, which the company filed with the SEC on Monday. The meeting runs online at Tesla’s virtual shareholder meeting site and in person for a limited number of shareholders at Gigafactory Texas in Austin, with a live webcast. Anyone holding shares at the close of business on October 13 can vote.
There are three items on the agenda. Shareholders are asked to re-elect Elon Musk, board chair Robyn Denholm and JB Straubel as Class I directors for three-year terms, cast a non-binding say-on-pay vote on 2025 executive compensation, and ratify PricewaterhouseCoopers as Tesla’s auditor for 2026. The board recommends a vote for all three.
What’s missing is just as notable. After weeks of Tesla and SpaceX merger chatter on X, the proxy contains no deal, no merger proposal and no new pay package for Musk. The filing also says the board decided not to bring back a binding proposal to drop Tesla’s supermajority voting rules, after the 2025 version won support from only about 39.4% of outstanding shares even with 73.6% of shareholders taking part.
Denholm’s letter to shareholders reads like a 2026 highlight reel. She says Tesla began producing Cybercab at Giga Texas, expanded Robotaxi to more U.S. cities, passed 10 million vehicles delivered, launched the Tesla Semi, unveiled the Next Gen Roadster and started Megapack 3 production in Texas. “We understand that a steady and experienced hand during this time of rapid technological change is essential to Tesla’s success,” she wrote, asking shareholders to back the three nominees. The filing also says FSD (Supervised) has now logged more than 15 billion cumulative miles.
Last year’s meeting was a much bigger affair. At the November 2025 meeting, shareholders approved Musk’s record pay package, and Tesla used the stage for product news as well (here’s our full recap). Since then, Tesla has been leaning on retail investors. In September the SEC cleared its Voluntary Retail Voting Program, and the proxy confirms shareholders can enroll after voting this year, though standing instructions only apply to future meetings, not the December 3 vote.
The proxy also spells out how close Tesla and SpaceX already are. It says Tesla completed a roughly $2 billion purchase of SpaceX Class A shares on March 12, 2026, after Musk’s AI company merged into SpaceX in February. Tesla also recorded about $143.3 million in revenue from SpaceX in 2025, mostly from vehicle sales. SpaceX reports its own third-quarter results after the close on October 20.
A few things are still unknown. The filing says in-person seats at Giga Texas will be handed out by lottery, but it doesn’t spell out the signup details or timing. It also doesn’t say whether Musk or other executives plan product updates on stage like last year. Nothing stops Tesla from filing supplemental proxy materials before December 3 if something bigger comes up.
For now, it’s a three-question ballot. Will you be voting your shares this year?
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