Elon Musk’s Big Day: What You Need to Know

Elon Musk’s Big Day: What You Need to Know

November 6, 2025 Victoria Sterling -Business Editor Business

Here’s a summary of the provided text:

Today is a crucial day for ⁣Tesla and Elon Musk. Shareholders are voting on a proposal that ⁢includes a‌ trillion-dollar pay package for Musk and giving him ⁣greater control over the⁢ company.

Key‌ Points:

* The Vote: ⁢ A preliminary ​tally ‍is‍ expected after a 3 p.m. central ⁢time meeting,​ wiht a final​ count filed with the SEC in​ a few⁢ days.
* ⁣ Support & Opposition: Schwab Asset Management and the Florida State Board support the proposal, while Norway’s ‍sovereign‍ wealth fund and the New York State ‍Common Retirement ⁤Fund‌ oppose ‍it.
* Prediction Markets: Prediction markets strongly suggest shareholders will approve the pay package.
* ⁢ Tesla’s Stance: Tesla argues Musk’s vision is essential and⁣ the incentives⁣ are needed to keep him with the company.
* Past​ Approvals: Shareholders have previously approved compensation deals for Musk.