ISS once again completely misses fundamental points of investing and governance. They recommended against compensation that shareholders have voted on twice before (and that Elon has already earned), as well as the 2025 CEO Performance Award (where Elon receives nothing unless shareholders win big). ISS’s unfounded and nonsensical recommendation against Ira proves how disconnected from reality they are. As Tesla’s longest-tenured independent director, Ira has created a governance framework that has allowed Tesla to achieve an astonishing TSR increase of ~39,000% during his tenure. He embodies our high-engagement Board – with hands-on leadership + effective governance with a focus on long-term value. It’s easy for ISS to tell others how to vote when they have nothing on the line. Vote with Tesla on ALL proposals.