Shareholder Voting & Governance - Tesla shareholder consideration of delegating voting power to Elon Musk to reach 25% [1] - Proposed conditions for delegation include irrevocability, a ten-year term, and organization as a voting trust [2]

RT Ale𝕏andra Merz 🇺🇲 (@TeslaBoomerMama)🗳️25% of voting power to Elon?I doubt you can comment on this, @elonmusk, but trying anyway.After hours and days debating with Grok4 Heavy on options to get you asap to 25% of voting power, the conclusion is that Nasdaq rules (i.e. Rule 5640 below) will prevent Tesla from issuing super-voting shares (either by using the preferred shares we already have in the Texas Cert of Formation or by introducing Class B shares), as the IPO bylaws did not include them from the star ...

Core Insights - Rivian's CEO RJ Scaringe has transferred approximately 4 million shares and 6 million options to his ex-wife as part of a divorce settlement, valued at around $130 million at current stock prices [2][3] - Following the transfer, Scaringe's voting power has decreased from 7.6% to about 4%, marking the lowest level since Rivian's IPO in 2021 [3][8] - Rivian is currently focused on redesigning its R1S SUV and R1T truck to reduce manufacturing costs and improve performance, while also preparing for the launch of the R2 SUV in 2026 [4] Ownership Structure - Rivian's ownership structure has evolved since its IPO in 2021, with Ford largely exiting and Volkswagen Group becoming a significant stakeholder, now owning 12.3% of Rivian [5][8] - Amazon remains the largest shareholder with a 14.2% stake, granting it the most voting power among shareholders at 13.3% [8] - Scaringe's ownership stake was 2% prior to the divorce settlement, and he previously held a 7.6% voting power due to Class B shares, which have since been reduced [8][10] Company Developments - Rivian entered a joint venture valued at $5.8 billion with Volkswagen, focusing on software and electrical architecture, with Rivian contributing technology and personnel [7] - The Class B stock transferred in the divorce settlement was converted to Class A stock, limiting the voting power of Scaringe's ex-wife if she retains the shares [10] - Scaringe's overall control remains significant, with around 50 million shares, options, and Restricted Stock Units (RSUs) that could increase his ownership and voting power as they vest [10]