TSLA stock dropped 73.6% from a peak of $409.97 on 4 November 2021 to $108.10 on 3 January 2023, compared to a peak-to-trough decline of 25.4% for the S&P 500. Since then, the stock rose to a maximum of $479.86 on 17 December 2024 and is currently trading at $452.42

With the vote ending on Nov. 5, this letter could have major influence over the outcomes. Tesla board chair says company risks losing Elon Musk if $1 trillion pay package isn't approved: 'Without Elon

Tesla posted record quarterly revenue but its profit came in below Wall Street's expectations. The stock fell 4% after hours during the analyst call.

That pay package, according to Tesla, will keep Musk focused and committed to the company, and it’s contingent on unprecedented and unrealistic milestones that no other executive would be able to achieve for the business.

CEO Elon Musk talks about his vision for the future, it can be easy to doubt the man as overly optimistic. Still, it’s proven profoundly profitable to give the man the benefit of the doubt, even as skeptics and analysts turn against him and shares of TSLA.

Tesla CEO Elon Musk reaffirms company's autonomous driving capabilities despite the ongoing NHTSA probe and Robotaxi rollback.