In an October 29 letter filed with the SEC, Tesla’s board asks shareholders to vote FOR every proposal at the December 3 annual meeting, most importantly re-electing Musk, Denholm and Straubel.
Barclays analyst Dan Levy moved Tesla to Overweight and lifted his target to $450 from $370, pointing to a likely SpaceX combination, a recovering auto business and a Robotaxi inflection.
A retail shareholder letter claiming 6,493 signers and 17.5 million shares closes today and goes to Tesla’s board and special committee on Monday.
On Tesla’s Q3 2026 call, management cut 2026 capex guidance to about $20 billion, said Cybercab launches in Dallas next and put external Optimus deliveries near the end of 2027.
Tesla’s Q3 2026 revenue was flat at $28.05 billion and non-GAAP EPS of $0.48 beat estimates, while GAAP net income fell 43% to $787 million.
On SpaceX’s Q3 call, Elon Musk said independent-director committees at SpaceX and Tesla are discussing a possible merger. No terms have been agreed.
Ahead of Tesla’s October 21 Q3 call, retail shareholders’ top-voted questions focus on Cybercab expansion, unsupervised FSD, Optimus costs and Hardware 3 upgrades.
ARK Invest’s updated open-source Tesla model puts the expected 2031 share price at about $4,400, with robotaxis about 80% of enterprise value and Optimus a growing slice.
Tesla’s proxy puts three items on the December 3 ballot, launches a retail auto-voting program, and details Musk pay terms that vest on a change in control.
