Tesla Shareholder Vote Update - What We Know and When Results Will Be Announced

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In a recent post on X, Elon Musk announced that 90% of retail shareholders who have voted so far, have voted in favor of two key resolutions ahead of the upcoming shareholder meeting on June 13^th.

The Resolutions

These resolutions are two major pieces for Tesla – the first being Musk’s compensation package re-approval, and the second being to move the company’s location of incorporation from Delaware to Texas.

Both resolutions stemmed from a recent Delaware ruling that the 2018 shareholder vote that decided Elon Musk’s compensation package was invalid. Musk’s compensation package was a performance-based package that would pay out in share options – not exercisable until at least 2027. These shares total about $56 billion USD in compensation.

These resolutions have been met with some controversy within the Tesla community, with some shareholders arguing that the compensation package is excessive, and that the reincorporation decision was made without proper shareholder consultation or proper corporate research.

Percentage Needed to Win Vote

In terms of the resolutions, the resolution to re-approve the performance-based pay package only requires a majority vote for the number of shareholders that decided to vote. This means that shareholders that did not vote their shares will be treated as if they abstained, and these shares will not count against the vote.

For the move to Texas, an absolute majority of 50% of all shares is required.

Overwhelming Support

Tesla’s retail shareholders – who own approximately 40% of the company – or 47% relatively if you factor out Elon Musk and Kimbal Musk’s ownership (who cannot vote due to conflict of interest), are overwhelming in favor of re-approving the compensation package and move to Texas.

This indicates that outside of major corporate investors, Elon Musk has a favorable impression with Tesla shareholders – having delivered the value that he initially promised in his performance package.

Institutional Voters

It remains to be seen how the rest of the stock owners – both institutional and other large individual shareholders – will vote. Some major institutional voters have voted in support of the package and the move to Texas, while others have already voted against both. The institutional shareholders account for 53% of the relative shares available to vote with.

How to Vote

Tesla has a page dedicated to how to vote your your Tesla shares. The process differs slightly based on your broker. You can read the directions directly from Tesla.

Result Announcement

We’ll find out all the details on the final outcome of the vote – and its implications and impacts on Tesla and Elon Musk, this Thursday, June 13th.

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Want to See the New Tesla Model Y? Here's Where It’s on Display

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Tesla’s refreshed Model Y has started hitting display and Tesla showrooms across North America and Europe, where you can now get up close and personal with the new Model Y and all of its improvements, including the smallest of details.

The refreshed Model Y surprised all of us by sporting its own unique look instead of just being a stretched-out Model 3. While it’s available to order now through the Launch Edition, which includes FSD and Acceleration Boost, deliveries won’t start for another couple of months.

The new front light bar and rear indirect lights make the vehicle unique and worth checking out. There are plenty of new items to check out in the updated interior as well, including new door panels, powered rear seats, and more.

Here’s where you can check out the new Model Y in North America and Europe:

North America

In North America, the updated Model Y can be seen in 19 showrooms across the United States and Canada. The photo below shows the 17 locations in the U.S. and two in Canada. We expect this list to grow as Tesla produces more vehicles and we get closer to the official launch.

New Model Y Displays in North America

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Europe

In Europe, the Model Y is already on permanent display at two locations - the Mall of Berlin in Germany, and at Tesla’s Amsterdam Europe Headquarters - both publically accessible. If you’re in the area, definitely drop by and take a look.

Tesla is also holding special events throughout Europe where they’ll be showing the new Model Y through select dates. place to check if you’re far away from the ones above is on Tesla’s Events List.

We recommend checking Tesla’s page to confirm any dates, as Tesla will be adding new locations until each showroom receives its permanent display vehicles.

Tesla will also be visiting major auto shows, including the Toronto and New York International Auto Shows with the new Model Y - so keep an eye out for those events as well.

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Tesla's Holiday Update: The 15 Undocumented Features

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While Tesla’s exciting holiday update is now behind us, it left us with amazing new features, such as weather radar, Apple Watch support, mobile Dashcam viewer, SiriusXM, and so many other great features that some of us now use every day.

However, it doesn’t end there. Tesla always includes other smaller changes that don’t make it into the release notes, and the holiday update was a big one in terms of undocumented changes.

We’ll go through all the new features that are now available in your vehicle that Tesla didn’t show in their release notes.

Precipitation Map

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While this feature did make it to the release notes, some users may still not be aware that the Precipitation Map (weather radar) is now available on all Teslas with the Intel infotainment unit (except for legacy Model S/X). This feature was requested so long ago that, honestly, we didn’t think it’d ever be released. All Model 3, Model Y and 2021+ Model S and X vehicles now have access to the weather radar map overlay.

Fart on Sit

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For the Emissions Testing Mode easter egg, you can now have your vehicle fart when someone sits down in their seat.

The sound will come from the direction of their seat. For example, a fart sound will sound from the front-right speaker when someone sits in the front passenger seat. It will play the sound selected in the fart selection box, or play a random fart if you choose "I'm so random."

This option defaults to off after every drive.

Voice Assistant

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You can now say 'Hi' or 'Hello' to your vehicle through the voice command prompt, and the vehicle will respond with "Hello!"

This is the first sign of Tesla adding a smart voice assistant to the vehicle, which is expected to be powered by Grok.

Voice Command Changes

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If you use Tesla's voice commands, there are a few changes. When you press the voice command button on the steering wheel, you may now not get audible feedback that the button has been pressed. This will depend on whether there’s music playing or other circumstances.

When sending a text message through a voice command, you may now have to press the steering wheel button again to start dictation after choosing a recipient. It’s not clear what’s causing this change, as sometimes it goes straight into dictation mode, while other times it ask you to press the button to start dictation.

Equalizer

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You can now reset the equalizer settings with the touch of a button by tapping the new circular arrow to the right of the equalizer. This will bring all settings back down to 0.

Performance Improvements

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Intel users are seeing performance improvements while using the Tesla interface, especially in more demanding areas like Tesla Theater. Videos on YouTube now stutter less and Tesla Theater can be minimized more smoothly than before.

The media controls can now control YouTube videos and other web video content as well, even after the vehicle is put into drive.

Service Mode Updates

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Several screens in Service Mode have been updated to show larger visualizations, such as the Airbags and Seats menu.

Tesla has also introduced several new visualizations to vehicles with the Intel infotainment unit, that were previously only available on AMD-based vehicles. Some of these includes Coolant and HVAC options.

The only new feature in Service Mode is for the Cybertruck under Service Mode Plus, which includes:

Connector Reference (Service Mode Plus): A new Connector Reference panel is available to help find connectors and highlight harnesses on the vehicle. Rotate the 3D model to explore or type in the search bar to find a specific connector.

Rearranged Menus

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With the addition of the Seats menu to settings, Tesla has now rearranged the menu options so that the more used options are now more easily accessible.

The Software menu has been moved up, while other options like Navigation and Trips have been moved down to be close to WiFi, Bluetooth and Upgrades.

Selected Custom Lock Sound

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The currently selected custom lock sound is now shown underneath the Lock Confirmation Sound option in the Controls > Locks menu.

Ambient Lighting Easter Eggs

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The Rainbow Road and Santa Mode easter eggs have been updated on vehicles that include the ambient lighting feature.

There are new options in these easter eggs that let you enable or disable the ambient lighting while the easter egg is active.

If enabled, the light strips will cycle through colors of the rainbow when the Rainbow Road easter egg is enabled. For Santa Mode, the interior lights will cycle between red, green and white.

Updated Energy App

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The Consumption tab in the Energy app has been updated with several changes, including:

• The last 200 miles are now shown, instead of a user-selectable, 5, 15 or 30 miles.

• Instant Range / Average Range has been removed to simplify the interface.

• The average range as moved to the top left and now shows the offset from the vehicle's EPA-rated Wh/mi

• Total energy consumption is now displayed at the bottom left.

• The colors now have different meanings. Before this update, yellow meant the vehicle was using energy, while green meant the vehicle was generating energy through Regenerative Braking. However, now, yellow means that the vehicle consumed more than the EPA average, and green means that the vehicle consumed less than the EPA average and doesn’t necessarily mean it generated energy.

Toll Roads

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When navigating to a destination, the alternative routes menu that is displayed when you first enter a destination will now show you which routes include tolls by displaying a dollar sign icon next to the travel time.

Limiting Explicit Content

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The Exlicit Content toggle under Audio Settings now applies to YouTube Music as well. This now supports LiveOne, Apple Music, Apple Podcasts, and TIDAL.

Charging Icons

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Tesla has redesigned the charging pins that appear on the map. Supercharger and third-party charger pins are now oval-shaped instead of circular.

Instead of just having the number of charging stalls available, Tesla has added the charging icon to make it more obvious these are charging stations.

Adjust Dashcam Viewer Speed

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You can now adjust the Dashcam Viewer's playback speed. Users can pick from 0.5x, 1x or 2x playback speeds by tapping the playback speed button.

Tire Pressure Indicator

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Tapping the tire pressure indicator will now open the tire pressure card on the left side of the screen instead of opening the Service menu under Controls > Service.

If you ever spot a change that isn’t listed in Tesla’s release notes, we’d love to hear about it!

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