Tesla rewards Elon Musk’s reality-distortion field

Tesla Rewards Elon Musk’s Reality-Distortion Field

At Tesla’s annual shareholder meeting, investors once again demonstrated their unwavering support for Elon Musk. Shareholders voted in favor of measures that strengthen Musk’s control, even at their own financial expense.

Shareholder Decisions and Musk’s Influence

The focal moment was not Musk’s expected approval of an almost $1 trillion compensation package, but the audience’s reaction to proposals aimed at corporate accountability. Rather than reconsidering Musk’s expanding authority, investors appeared content to expand it further. Their decision underscores his remarkable influence among retail shareholders, bolstered by his personal voting power.

Rejection of Accountability Measures

When New York State Comptroller Thomas DiNapoli suggested rescinding a bylaw that prevents ordinary shareholders from suing Tesla, the crowd responded with boos. The board opposed the amendment, continuing its long-standing resistance to external oversight.

Ignored Ethical Proposals

Throughout the years, various advocacy groups — from pension fund managers to human rights supporters — have presented initiatives intended to impose ethical limits on Tesla’s practices. These proposals included stronger labor protections and integrating sustainability metrics into executive compensation.

Each time, shareholders have sided with the board, effectively reinforcing Musk’s dominance rather than pursuing reform. Their choices reaffirm Tesla’s culture of loyalty to its visionary but controversial leader.

“Time and time again, shareholders side with the company’s board — or more accurately, with Musk — and reject them.”

Author’s Summary

The meeting showed Musk’s unmatched control over Tesla and its shareholders, who consistently prioritize his leadership power over implementing accountability or ethical reforms.

The Verge — 2025-11-07