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The timing of this buy is particularly provocative, as it coincides with the shareholder vote scheduled for November 6th, 2025, where Elon Musk's pay package will be up for approval. The record date for the vote is Monday, the 15th—the very day the news broke—adding an intriguing layer of strategic timing.
Elon Musk plans to vote on his own compensation package, which is expected to include a historic $55 billion performance-based pay plan tied to Tesla's innovations and growth metrics. With this purchase, Musk now holds over 510 million voting rights, reinforcing his influence over the outcome of the shareholder vote.