Voluntary · with the board · not this site’s recommendation
The company adopted a program that lets a retail holder leave a standing instruction to vote with the board at later meetings. It is free to join and free to leave. This page does not suggest either option.
Company page: ir.tesla.com/voluntary-retail-voting-program
SEC copy of the enrollment screens and terms:
DEFA14A filed October 19, 2026
After a holder votes at the 2026 annual meeting on most electronic platforms, including ProxyVote.com and Say by Robinhood, the platform can offer enrollment. The company’s materials say you cannot enroll on the investor-relations page itself, because the instruction has to be tied to the brokerage account through the proxy distributor.
The standing instruction applies to future meetings: any meeting, including an adjournment, for which a definitive proxy has not yet been filed. The company says it does not vote the December 3, 2026 annual meeting. A holder still has to vote that meeting from its own proxy.
If the holder does nothing at a later meeting, the shares covered by the instruction are voted with the board recommendation for the matters the holder selected. The holder still receives the proxy and can override the instruction by voting. The company’s terms say the most recent vote submitted before the polls close takes precedence.
Option 1
Eligible shares are voted with the board’s recommendation on each proposal. The enrollment screen says that includes every proposal. A merger, acquisition, or sale that is put to shareholders would be included.
The company also says a holder who picks this option gets a reminder before a meeting that includes a “special matter.”
Option 2
Same board-aligned instruction, except two kinds of items the company calls special matters: a contested director election, and any acquisition, merger, or divestiture that state law or exchange rules require shareholders to approve.
On those items, this option does not cast the standing instruction. The holder would vote them, or leave them unvoted, in the ordinary way.
Wording from the enrollment screen in the October 19, 2026 DEFA14A and the company’s program page.
A combination proxy filed later would be a “future meeting” under these terms.
Option 1 would vote it with the board unless the holder votes that proxy or had already opted out before the proxy was filed. Option 2 carves mergers out. None of that is a recommendation. Read the terms on the company’s page before choosing.