Update (1633ET):

Tesla investors unleashed what appears to be a successful pressure campaign against Charles Schwab on Tuesday. The day began with furious shareholders threatening a mass exodus from the brokerage, as social media posts about withdrawing funds raked in millions of views. The uproar centered around Schwab's plan to vote "No" on Elon Musk's multibillion-dollar Tesla pay package, and by late afternoon trading, according to at least one investor, the firm quietly reversed course. 

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Tesla investor Sawyer Merritt wrote on X: 

<blockquote>
I have just confirmed that @CharlesSchwab will be voting FOR Elon Musk's 2025 CEO Performance Award plan. Schwab voted NO in both the 2018 and 2024 pay package votes. Schwab: "Schwab asset management intends to vote in favor of the 2025 CEO Performance award proposal. We firmly believe that supporting this proposal aligns with management and shareholder interest."
</blockquote>

<blockquote class="twitter-tweet">
BREAKING: I have just confirmed that <a href="https://twitter.com/CharlesSchwab?ref_src=twsrc%5Etfw">@CharlesSchwab</a> will be voting FOR Elon Musk's 2025 CEO Performance Award plan. 
Schwab voted NO in both the 2018 and 2024 pay package votes. 
Schwab: "Schwab asset management intends to vote in favor of the 2025 CEO Performance award proposal.… <a href="https://t.co/j9mcliDIyA">pic.twitter.com/j9mcliDIyA</a>
— Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1985808636120051883?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Meritt noted:

<blockquote>
Yes. I just got off the phone with multiple people at Schwab. They read me the full internal memo that corporate just put together. Any Schwab client can now call their advisor or representative and confirm my news above.
</blockquote>

<blockquote class="twitter-tweet">
Yes. I just got off the phone with multiple people at Schwab. They read me the full internal memo that corporate just put together. Any Schwab client can now call their advisor or representative and confirm my news above.
— Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1985810838297489646?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Another Tesla investor, <a href="https://x.com/jasondebolt/status/1985815494730076411" target="_blank">Jason DeBolt</a>, who was instrumental in the pressure campaign against Schwab, also confirmed that the brokerage has changed its mind.

<blockquote class="twitter-tweet">
Yes, my rep confirmed.
— Jason DeBolt ⚡️ (@jasondebolt) <a href="https://twitter.com/jasondebolt/status/1985815494730076411?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Where is corporate media's reporting? 

<a data-image-external-href="" data-image-href="/s3/files/inline-images/2025-11-04_16-03-17.png?itok=irJx3An-" data-link-option="0" href="/s3/files/inline-images/2025-11-04_16-03-17.png?itok=irJx3An-"><picture><img data-entity-type="file" data-entity-uuid="ef96d65d-a052-41af-9216-affb210f25fc" data-responsive-image-style="inline_images" height="854" width="500" class="inline-images image-style-inline-images" src="https://zh-dev-046fffa0-2095-430f-bd04-a687fe941952.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2025-11-04_16-03-17.png?itok=irJx3An-" alt="" typeof="foaf:Image" /></picture></a>

Musk chimed in earlier.

<blockquote class="twitter-tweet">
They are acting contrary to the wishes of their customers
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1985792347003896063?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>And will Tesla investors now focus their efforts on State Street? 

*   *   * 

Tesla shareholders will vote Thursday on whether to approve Elon Musk's $1 trillion pay package, a 10-year performance plan tied to several milestones. Norway's $2.1 trillion sovereign wealth fund will vote "No" on the proposal. The package would only unlock if Musk lifts Tesla's market value from $1.4 trillion to $8.5 trillion, which hinges on the deployment of humanoid robots, autonomous vehicles, AI, and other advanced technologies expected to dominate the 2030s.

Our focus shifts to X, where Tesla investors who are Charles Schwab customers are staging a revolt against the brokerage house that is reportedly planning to vote "No."  

A viral post, viewed more than 3 million times, by Tesla investor "Jason DeBolt" warned Schwab:

<blockquote>
Here's why this is urgent: At least 6 of your ETF funds (around 7 million $TSLA shares) voted against Tesla's board, and my 240,000+ Tesla investor followers are asking why Schwab would oppose one of the most successful corporate boards in history. Many of my followers are Schwab clients holding more shares than me (45,000 or more).

As a custodian of ETF shares, your fiduciary duty is to vote in shareholders' best interests. For a board that has delivered extraordinary returns, voting against their recommendations doesn't align with retail investors, Tesla employees, or the leadership we invested to support.

If Schwab's proxy voting policies don't reflect shareholder interests, my followers and I will move our collective tens of millions in $TSLA shares (or possibly hundreds of millions) to a broker that does, via account transfer as soon as this week. I'm not making empty threats - I am ready to move my shares now. The Tesla investor community is engaged and ready to act as well. 
</blockquote>

<blockquote class="twitter-tweet">
Hey <a href="https://twitter.com/CharlesSchwab?ref_src=twsrc%5Etfw">@CharlesSchwab</a> - I need to speak with someone from Schwab Private Wealth Services this week. Please reach out via email, the mobile app message center, phone, or X DM. 
Here’s why this is urgent: At least 6 of your ETF funds (around 7 million <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> shares) voted against… <a href="https://t.co/uSgPWnfTFc">https://t.co/uSgPWnfTFc</a>
— Jason DeBolt ⚡️ (@jasondebolt) <a href="https://twitter.com/jasondebolt/status/1985466282570105007?ref_src=twsrc%5Etfw">November 3, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>"I can't in good conscience stay with a brokerage that votes against this CEO Performance Award plan that is in my view clearly in shareholders' best interests. I join @jasondebolt in saying that voting against the recommendations of a board that has delivered extraordinary returns is out of step with retail investors, Tesla employees, and the leadership we invested in to support," Tesla investor Sawyer Merritt wrote on X. The post was hearted by Musk.

<blockquote class="twitter-tweet">
❤️
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1985544708027007290?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Retail investors rage at Schwab: 

<blockquote class="twitter-tweet">
Schwab is now finding out. 
Won’t be long after this. <a href="https://t.co/6vLVLBUE3A">https://t.co/6vLVLBUE3A</a> <a href="https://t.co/3COUedsyjL">pic.twitter.com/3COUedsyjL</a>
— Kevin Chau (@kchau) <a href="https://twitter.com/kchau/status/1985673398945792397?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet">
If you hold ETF's in State Street &amp; Schwab that hold <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> &amp; care about Tesla, please do this ASAP.<a href="https://twitter.com/TeslaBoomerMama?ref_src=twsrc%5Etfw">@TeslaBoomerMama</a> breaks it down perfectly here. <a href="https://t.co/fcv9xm1dSQ">pic.twitter.com/fcv9xm1dSQ</a>
— Pejjy (@CuriousPejjy) <a href="https://twitter.com/CuriousPejjy/status/1933622552640770526?ref_src=twsrc%5Etfw">June 13, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" data-conversation="none">
Just got off the phone with one of their agents. They are aware we’re pissed and are feeling the pressure. They don’t have any answers as of yet. 
They just lost ~$1.5M to <a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw">@RobinhoodApp</a>. 
Side note: The rep was very understanding and empathetic. He told me that he’s already…
— Alexander (@Alexander_Ilios) <a href="https://twitter.com/Alexander_Ilios/status/1985675548064989624?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" data-conversation="none">
I have well over $1 million under management at Schwab. 
I’m calling the number and will let them know how I feel. 
You should too.
— Keith Dorschner (@keith_dorschner) <a href="https://twitter.com/keith_dorschner/status/1985678508249792680?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" data-conversation="none">
On the phone with them rn. Im a few answers away from switching to <a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw">@RobinhoodApp</a>. <a href="https://t.co/8IOC2rukUm">pic.twitter.com/8IOC2rukUm</a>
— Alexander (@Alexander_Ilios) <a href="https://twitter.com/Alexander_Ilios/status/1985671910626353334?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" data-conversation="none">
Charles Schwab has rated Tesla “Strongly Underperformed” for years while rating Toyota motors a buy. This is why you always do your own due diligence and make your own decisions. <a href="https://t.co/djCy6YA6uU">pic.twitter.com/djCy6YA6uU</a>
— 30sectoMars (@VtsnowMars) <a href="https://twitter.com/VtsnowMars/status/1985508998141907041?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>FAFO Charles Schwab.

Charles Schwab learned the true meaning of FAFO on Tuesday.

 


"Charles Schwab Will Now Vote For Musk's CEO Performance Award," Says Tesla Investor

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