The Damage Report
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Tesla Shareholders OUTRAGED Over Board Musk Decision
Posted
September 21, 2025
Views
53,001
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2,470
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September 21, 2025
53,001
2,470
407
5.43%
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4:58Now PlayingTesla’s board sidestepped a potentially contentious vote on political neutrality after the SEC allowed the company to exclude the proposal from its 2025 shareholder materials, Fortune reports. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
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"The Tesla board has managed to avoid what could have been a tricky investor vote on requiring political neutrality among executives, after the Securities and Exchange Commission ruled the electric vehicle manufacturer could exclude a shareholder proposal on the matter from its 2025 annual materials, according to a copy of the SEC’s letter obtained by Fortune.
The proposal was submitted by Jay Butera, 67, a staunch climate advocate and investor who has held shares in Tesla since the company’s 2010 IPO. Butera’s neutrality proposal, if approved by shareholders, would have prohibited Tesla leadership from making political statements, endorsements, or contributions in support or opposition to political parties or candidates. Butera, a retired entrepreneur who still holds millions of dollars’ worth of Tesla stock, is a die-hard renewable energy supporter and previously lobbied for the creation of the bipartisan Climate Solutions Caucus in the House of Representatives in 2016.
Butera said he’s disappointed in the outcome because he thinks the proposal would have helped Tesla advance its “mission of accelerating sustainability,” which he views as vital to the world. He told Fortune he doesn’t want to see the company “jeopardized by unnecessary forays into the endless friction of human politics. The Tesla brand, and its mission, should stay above that fray.”"
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