Tesla CFO Vaibhav Taneja sold nearly $918,311 in company stock, raising concerns among shareholders about the electric vehicle maker’s future. Sales come ahead of Tesla’s 2025 annual shareholder meeting on Nov. 5, where proposals on executive compensation will be voted on, including a non-binding “say on pay” vote.

Taneja, who received $139 million in compensation for fiscal 2024, was one of Tesla’s highest-paid executives. CEO Elon Musk is negotiating a pay package valued at around $1 trillion, with incentives to boost his ownership in the company to 25% by creating $7.5 trillion in shareholder value.

Tesla’s stock valuation has fluctuated, facing challenges from declining profits, changing tariff policies, and backlash from Musk’s political activities. The company’s market share in the US has dropped to an 8-year low, facing competition and regulatory hurdles, leading to declining sales in markets like the EU.

As Tesla navigates these challenges, Musk’s compensation package and Taneja’s stock sales reflect ongoing uncertainties for the electric vehicle maker. Shareholders will have a pivotal role in determining the company’s direction through the upcoming shareholder meeting and voting on executive compensation proposals.

Read more at Yahoo Finance: Tesla CFO unloads more stock as CEO pay battle brews