Proxy Firms ISS & Glass Lewis Recommend Vote Against Elon Musk’s USD 1 Trillion Compensation Plan

Glass Lewis recommended that Tesla shareholders reject Chief Executive Officer (CEO) Elon Musk’s proposed USD 1 trillion compensation plan, following a similar recommendation from ISS.

The advisory comes ahead of Tesla’s shareholder meeting on November 6, 2025, and follows a Delaware court ruling that voided Musk’s previous USD 56 billion pay package. Glass Lewis cited potential decreases in shareholder value and the terms of the proposed plan as reasons for concern. Tesla responded, stating that the recommendations disregard shareholder support for Musk and the company’s financial performance. The pay plan is structured to reward partial achievement and rising share prices, potentially granting Musk tens of billions even if targets are not fully met. Glass Lewis also opposed a shareholder vote on Tesla investing in Musk’s AI company, xAI.