In a dramatic conclusion to Tesla Inc.’s otherwise routine earnings call, CEO Elon Musk, the world’s richest individual with a net worth of approximately $455 billion, passionately defended his proposed $1 trillion compensation package. The call, primarily focused on Tesla’s advancements in artificial intelligence, humanoid robots, and self-driving technology, took a fiery turn as Musk addressed investor concerns ahead of the November 6, 2025, annual meeting in Austin, where shareholders will vote on the unprecedented payout.

Musk interrupted Chief Financial Officer Vaibhav Taneja to argue that the compensation plan, tied to ambitious market value thresholds and operational milestones, ensures he retains significant voting control without being immune to dismissal. “There needs to be enough voting control to give a strong influence, but not so much that I can’t be fired if I go insane,” Musk stated, emphasizing that control, not money, is his primary motivation. He sharply criticized proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis, which recommended rejecting the package, calling their advice “asinine” and claiming they lack understanding of Tesla’s vision.

The proposed compensation has drawn scrutiny for its scale and potential to dilute other shareholders’ ownership. ISS expressed “unmitigated concerns” about the award’s magnitude and structure, while Glass Lewis highlighted risks of shareholder dilution. Tesla’s stock, up 9% this year but lagging behind the S&P 500’s 14% gain, fell 3.9% in premarket trading following the call, reflecting investor unease.

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Taneja, resuming his remarks, praised the special board committee’s work on the compensation plan, noting it ensures shareholders see substantial returns before Musk is rewarded. As the vote approaches, Musk’s outspoken defense underscores the high stakes for Tesla’s future leadership and strategic direction.

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