Calpers to Oppose Elon Musk's $1 Trillion Tesla Compensation Package Amid Corporate Governance Concerns

Oct 30, 2025 05:39 pm CST

America's largest pension fund, Calpers, plans to vote against Elon Musk's proposed $1 trillion Tesla compensation package, citing concerns about excessive executive pay and concentrated shareholder power. The opposition comes ahead of Tesla's November 6 annual meeting where shareholders will vote on the 10-year plan that would potentially increase Musk's ownership to at least 25% of the automaker.