Elon Musk has trapped Tesla shareholders in a vicious cycle that has nothing to do with he company’s performance or mission anymore. He is linking a vote for his compensation package, worth up to $1 trillion and more control over the company, to the future of Tesla and, in his delusions of grandeur, “the future of the world.”
He literally said that.
How far would you be willing to go to get $1 trillion? Would you be willing to lie?
Tesla, under the control of Elon Musk, is in full-on marketing mode right now, but it’s not to sell its electric vehicles, whose sales have been down for 2 years now. It’s to sell shareholders on voting for a new, unprecedented compensation package for Musk.
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The automaker has historically been against running ads. It dabbled in it after Musk bought Twitter, which relies on advertising, but it quickly gave up on the effort.
However, Tesla is currently running 5 ads on Google, and they are all about getting Tesla shareholders to vote for Musk’s new compensation package:
You might even see those ads in this article since it is about Tesla, and Google runs most of our ads on Electrek.
Musk himself has been promoting the vote on X (formerly Twitter) and says that “the future of Tesla” and even possibly “the future of the world” hinges on the vote:
“This shareholder vote decides the future of Tesla and may affect the future of the world.”
Tesla also directly urged shareholders to vote as the board recommends at the upcoming shareholders meeting on November 6th:
We are asking you to vote with the Board’s recommendations on *all* proposals. Tesla is on the precipice of another massive wave of transformational growth, as demonstrated by the unveiling of our Master Plan Part IV. If you believe, like us, that Elon Musk is the CEO that can make this ambitious vision a reality, vote your shares.
They have been framing this as a vote on retaining Elon Musk as CEO.
The proposals that shareholders will vote on at the meeting include the reelection of three board members, creating more diluting shares for stock compensation, a vote on Musk’s new compensation package, and a number of proposals brought forward by shareholders.
Tesla’s board is recommending that shareholders vote on all its proposals and vote against all shareholders’ proposals except for one that would authorize Tesla to invest in Musk’s xAI.
Electrek’s Take
“Infinite growth.” The future of Tesla.” “The future of the world.” And it all only happens if you give the world’s richest man the biggest compensation deal ever – in fact, 20x bigger than the next biggest compensation deal ever, which was also his.
That person also happens to have spent the better part of the last year tweeting hundreds of times a day, mostly stoking culture wars and sharing misinformation.
It’s nonsense. This is the kind of bet that degenerate gamblers take, but unfortunately, that’s a big part of the stock market these days. Degenerate gamblers and people lost in Musk’s cult of personality, which consists of Tesla’s shareholder base these days.
According to the board, Musk has threatened to leave if he doesn’t get this compensation package. As I have often stated, I believe Tesla’s business would improve significantly in both the short and long term without Musk.
However, there’s no doubt that the stock would take a massive hit in the short term, and that’s the trap.
Tesla shareholders are disincentivized to see through Musk’s lies, and Musk has been lying his butt off.
Tesla has yet to achieve unsupervised self-driving today in 2025, despite Musk claiming it would happen by the end of every year for the last 6 years. When does it become lying?
You might claim that missing a deadline is not “lying” per se and it’s just being too optimistic, but I think the only answer to the question “when will Tesla achieve unsupervised self-driving” that is not a lie is “I don’t know.”
I don’t know. Tesla doesn’t know. And Musk clearly doesn’t know.
The best data currently available point to Tesla being at roughly 400 miles between critical disengagements, and it needs to be at a minimum of 10,000 miles for a limited unsupervised self-driving service.
We don’t know how much time it would take Tesla to close that big gap, but it won’t be by the end of this year, as Musk claims.
As for Optimus, Musk claims that it will propel Tesla to a $25 trillion valuation. Yet, demonstrations point to Tesla being years behind competitors, such as Unitree, Figure, and others.
Shareholders must believe this delusion that Tesla is somehow going to dominate the humanoid robot and autonomous driving space, despite no evidence to suggest this is happening, and fierce competition ahead in both product segments. If not, Tesla’s stock would crumble because its current EV and energy business can’t justify the stock price.
And who keeps this delusion going? Elon Musk.
Musk has Tesla shareholders in a Stockholm Syndrome situation.
Suppose they vote against him, and he leaves. In that case, he will leave with his delusions, and Tesla would have to revert to trading closer to its fundamentals, which means slashing the stock price roughly in half – assuming its EV business returns to healthier levels without Musk’s brand damage.
Therefore, they gamble on the off chance that Musk can make any of the delusions happen or at least keep it going long enough for the stock price to go up.
There’s no more unmistakable evidence of Tesla shareholders having a case of Stockholm Syndrome than Musk threatening them not to build AI products at Tesla if he doesn’t receive his compensation package, which would increase his control in Tesla.
This constitutes a breach of fiduciary duties, as he himself has claimed that AI products are critical to Tesla’s future.
And then, they ask for Tesla to approve investing in Musk’s private AI startup xAI. Interestingly, this is the only shareholder’s proposal that Tesla’s board is not recommending against. In fact, they are not giving any recommendation for that one.
That’s because Musk has to stay as far away as possible in recommending that Tesla invest in xAI.
Shareholders are currently suing Musk for setting up xAI in the first place. The company is directly competing with Tesla for top talent in breach of Musk’s fiduciary duties to Tesla shareholders as an executive officer of the company.
I have explained this situation in my report on Musk’s attempt to control AI earlier this year:
xAI has directly recruited from Tesla, Musk has diverted computing power meant for Tesla to xAI, and he has spent time working on xAI that he could have spent at Tesla.
It’s pretty funny. Some shareholders are suing for Tesla to get Musk’s entire stake in xAI while others are pushing for Tesla to give money to xAI. It’s madness.
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss electricity becoming the base currency, Tesla Robotaxi crashes, the new Porsche Cayenne EV, and more.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
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We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the podcast:
Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:
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Wallbox is ramping up its partnership with distributor Codale Electric Supply to roll out more EV chargers across the Mountain West, a region that’s seeing a rapid escalation of electrification programs and regional highway corridor build-outs.
Codale has become one of Wallbox’s most active distributors over the past two years, helping contractors, developers, and fleet operators procure Wallbox gear while also providing technical support and logistics. Now the two companies are scaling both AC and DC fast charging across Utah, Idaho, Wyoming, and Nevada.
Under the new agreement, Codale will prioritize Wallbox Supernova DC fast chargers and Pulsar Family AC chargers. Codale is already coordinating upgrades of older charging systems and installing new ones across public, commercial, and multifamily sites. Early projects include collaborations with several charge point operators and large commercial portfolios, some of which are rolling out Supernova units in Q4.
The Mountain West has become a hotspot for charging expansion, and Wallbox and Codale say their partnership is designed to keep pace by streamlining installation and improving network reliability.
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Ignasi Alastuey, Wallbox’s chief business officer, said, “This partnership combines Wallbox’s innovation with Codale’s on-the-ground capabilities to rapidly scale charging networks across the Mountain West and set a new benchmark for EV infrastructure growth.”
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EcoFlow launches next Black Friday Sale phase with up to 80% off expanded lineup – starts from $149
EcoFlow has officially switched to its next Black Friday Sale phase of deals with up to 80% discounts, plenty of FREE gifts, bonus savings, and more. Among the new lineup, we spotted EcoFlow’s DELTA Pro Portable Power Station bundled with 2x 220W solar panels and a FREE protective bag at $1,699 shipped, which is not only being exclusively offered direct from the brand, but is also dropping things lower than ever. One thing to note here is that, sadly, the extra savings code isn’t valid on this bundle. It would normally run you $5,199 for everything (including the $99 bag), with the bagless bundle at Amazon keeping lower at a starting rate of $3,999 and only dropping to $1,999 right now. This deal comes in $100 under its previous offer during the brand’s Halloween Sale, giving you a total $2,300 off the going rate ($3,500 off the MSRP) for the best new price that we have tracked anywhere. Be sure to head below to check out the newest phase of full Black Friday deals.
EcoFlow’s DELTA Pro power station is among the most beloved and highly rated backup power solutions from under the brand’s flag, and this solar bundle is quite the setup to grab now that it’s fallen so low in price. Covering away-from-home trips, as well as at-home emergencies, this station starts at a 3,600Wh LiFePO4 capacity that you can expand up to its 25kWh max with further investments. Your devices and appliances can receive up to 3,600W of regular power through the 14 output ports, with it even surging as high as 7,200W for those larger appliances that need more. You’ll be 440W closer to reaching its 1,600W max solar input, thanks to the bundled panels, with additional options for recharging from an AC outlet, as well as your car’s auxiliary port (or by using a compatible alternator charger).
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***Note: EcoFlow is continuing the usage of the promo code 25EFBFAFF at checkout for an extra 5% savings off your cart’s total, with none of the prices below having it factored in. Keep in mind that a number of offers are ineligible to receive the extra savings, but be sure to try it at checkout to ensure you’re getting the best possible savings during EcoFlow’s Black Friday Sale!
EcoFlow’s other direct Black Friday website-only deals/bundles:
RAPID Mag Qi2 10,000mAh 15W magnetic power bank: $55 (Reg. $90)
RAPID Mag Qi2.2 10,000mAh 25W magnetic power bank with built-in cable: $70 (Reg. $100)
DELTA 2 (2,048Wh) with extra battery and 2x 110W panels: $899 (Reg. $2,646)
Save thousands for Black Friday on Samsung smart washer/dryers, refrigerators, ovens, and more starting from $269
As part of Samsung’s ongoing Black Friday Sale event, we’re seeing deals that can save you hundreds to thousands of dollars on the smartest home appliance upgrades, including the Bespoke AI All-in-One Ventless Washer/Dryer Combo at $1,999 shipped, which is actually going for $110 less at Best Buy. There’s also the newer Vented Bespoke AI All-in-One Combo at $1,999 shipped, which you won’t find at Best Buy. The ventless model normally fetches $3,299 without discounts ($3,099 for the vented counterpart) direct from the brand, and starts lower at $2,970 at Best Buy, with 2025 having seen it more often down at $2,199 during sales. While we have seen it go lower in the past, especially 2024, you’re otherwise looking at the best prices we have tracked this year, letting you upgrade to a smarter way to do laundry with up to $1,300 savings, or save more by going with Samsung’s open-box option for $1,599 on the washer/dryer’s sale page down on the right-side options.
Alongside the washer/dryer combos above, we’ve curated a full list of Samsung’s best Black Friday appliance deals on other washers, dryers, refrigerators, ovens, dishwashers, and more that you can browse by checking out our original coverage of this sale here.
Autel’s MaxiCharger AC Lite level 2 EV charger grants up to 50A speeds at new $398 Black Friday low (Save $171)
Lectric XP4 Standard Folding Utility e-bikes with $326 bundle: $999 (Reg. $1,325)
Lectric XP Lite 2.0 Long-Range e-bikes with $449 bundles: $999 (Reg. $1,448)
Heybike Mars 2.0 Folding Fat-Tire e-bike with Black Friday gift: $999 (Reg. $1,499)
Heybike Ranger S Folding Fat-Tire e-bike with Black Friday gift: $999 (Reg. $1,499)
Best new Green Deals landing this week
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.