Published: November 7, 2025
Key takeaways
- TSLA is trading lower today after shareholders approved Elon Musk’s record pay plan; intraday range shows elevated volatility.
- Shareholders gave advisory approval for a potential Tesla investment in Musk’s AI startup xAI, while a proposal to eliminate certain supermajority voting rules did not pass. [1]
- Musk guided that Full Self‑Driving (FSD) could win full regulatory approval in China in early 2026. [2]
- Tesla aims to start “Cybercab” production in April 2026; Roadster reveal is targeted for April 1, 2026. [3]
- Musk says Tesla may need a “gigantic” AI chip fab and is exploring an Intel tie‑up, alongside existing supplier work with TSMC and Samsung. [4]
TSLA price action (as of 18:47 UTC)
- Price: $430.74 (‑3.4% on the day)
- Open / High / Low: $437.60 / $456.30 / $422.09
- Context: The broader U.S. market is softer (SPY −0.7% intraday).
Prices are real‑time snapshots and may change.
What moved the stock today
1) Shareholders approved Musk’s record pay plan
At yesterday’s annual meeting in Austin, investors voted in favor of a performance‑based compensation package for CEO Elon Musk that could be worth up to $1 trillion if aggressive operational and valuation milestones are met. Coverage indicates support exceeded 75% of votes cast. [5]
2) Governance results beyond the headline
Preliminary tallies show an advisory (non‑binding) “yes” to authorizing a Tesla investment in xAI, with many abstentions; the board will determine next steps. Separately, proposals to replace certain supermajority voting requirements with simple‑majority rules did not pass. Business Insider’s running recap also noted board declassification (all directors elected annually) as approved. [6]
3) Market reaction
Morning coverage flagged a 4–5% drop in TSLA after the vote, reflecting mixed buy‑side sentiment toward governance and execution risk. By early afternoon, shares remained lower but off session lows. [7]
Product, autonomy, and AI roadmap updates from the meeting
FSD in China: early‑2026 target
Musk said Tesla expects full regulatory approval for FSD in China around February–March 2026. China remains strategically important as local rivals scale advanced driver‑assist features. [8]
Cybercab production timing
Tesla plans to begin Cybercab (steering‑wheel‑less robotaxi) production in April 2026 at the Texas gigafactory. Musk pitched a radically fast assembly cadence, framing the build more like consumer electronics than traditional auto lines. [9]
Roadster reveal date
The long‑anticipated second‑gen Roadster is slated for an April 1, 2026 reveal, with Musk hinting at major design and tech changes versus the 2017 prototype. [10]
Chips: from suppliers to a possible Tesla “terafab”
Musk said Tesla may need to build a “gigantic” in‑house AI chip facility to meet compute demand for autonomy and robotics, while exploring a potential collaboration with Intel and continuing to work with TSMC and Samsung. Any fab decision would be capital‑intensive and multi‑year in nature. [11]
How investors are framing today’s move
Governance vs. execution. The pay vote reduces uncertainty around Musk’s ongoing involvement but concentrates attention on execution of audacious targets (robotaxis, humanoid robots, FSD at scale, multi‑trillion valuation milestones). That trade‑off is front and center in analyst and investor commentary today. [12]
Policy and stakeholder pushback. Public officials and some institutions criticized the award, arguing it grants disproportionate power and misaligns incentives. That narrative may persist as Tesla pursues autonomy and AI at scale. [13]
Macro backdrop. Broader U.S. equities are modestly lower intraday, a headwind for high‑beta names like TSLA.
What to watch next
- Formal board communication on xAI investment (scope, structure, and governance safeguards). [14]
- Regulatory milestones in China for FSD and any pilot expansions before full approval. [15]
- Robotaxi program details (capex, fleet deployment model, regulatory pathways) as April 2026 approaches. [16]
- Semiconductor strategy—clarity on supplier mix, any Intel partnership, and whether Tesla will pursue its own fab. [17]
Bottom line
TSLA is lower today as the market digests a historic CEO pay approval alongside ambitious autonomy and AI promises. The near‑term focus will be on execution milestones (FSD progress in China, Cybercab industrialization) and governance follow‑through (xAI and voting‑rule outcomes). For now, price action reflects both the size of the bet on Musk—and the burden of proof ahead. [18]
Disclosure: This article is for informational purposes only and is not investment advice.
References
1. www.businessinsider.com, 2. www.reuters.com, 3. techcrunch.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.businessinsider.com, 7. www.investopedia.com, 8. www.reuters.com, 9. techcrunch.com, 10. www.caranddriver.com, 11. www.reuters.com, 12. www.businessinsider.com, 13. comptroller.nyc.gov, 14. finance.yahoo.com, 15. www.reuters.com, 16. techcrunch.com, 17. www.reuters.com, 18. www.reuters.com
