Well, This Explains Doge

As a result of Musk's earlier support of Donald Trump, the SEC has routinely invalidated shareholder initiatives for Musk's companies.

That ain't a bad return on investment: 

As Tesla sales slump amid CEO Elon Musk’s divisive work at the White House, the Trump administration just allowed the electric vehicle company to block nearly all shareholder proposals issued by its investors ahead of its annual meeting. The blocked proposals would have demanded that Tesla not interfere with union efforts and meet global climate goals, among other initiatives.

Tesla’s regulatory win comes amid companies increasingly blocking shareholder resolutions across the board, thanks to new corporate-friendly legal guidance from President Donald Trump’s Securities and Exchange Commission (SEC) allowing businesses to crack down on stakeholder participation.

In early May, the SEC allowed Tesla to omit six out of eight shareholder proposals from its upcoming proxy statement — a corporate document issued to shareholders that allows them to vote on proposals asking the company to operate in certain ways.

The blocked proposals asked Tesla to develop sustainable tires, once again avoid interfering with potential union organizing efforts, align business operations with the 2015 Paris Climate Agreement, issue a moratorium on deep-sea mineral mining, disclose its Veteran hiring efforts, and use artificial intelligence “in ways that accelerates the world’s transition to sustainable energy.”

………

Musk, Trump’s largest campaign donor, has scored a number of regulatory wins for his business empire since Trump took office. Trump appointed Musk to a crucial oversight role leading the new Department of Government Efficiency, which he’s used to slash nearly 2,300 government contracts while obtaining lucrative contracts for his own companies. At the same time, more than 40 federal agencies have curtailed regulatory actions against Musk’s companies, including Tesla, satellite company Starlink, rocket manufacturer SpaceX, and social media company X. ………

Shareholder proposals are a cornerstone of the investment world. These proposals allow investors, both large and small, to have a say in how publicly owned companies operate, and any shareholder who owns a minimum number of shares can issue proposals to be voted on during annual shareholder meetings.

However, companies can ask the SEC, which regulates the stock market and other investments, to allow them to block proposals that are too vague, overly broad, or would interrupt standard business operations — a tool corporations have increasingly deployed to silence investors.

According to a recent study by the Harvard Law School Forum on Corporate Governance, the number of blocked shareholder proposals granted by the SEC has “increased dramatically” in the first quarter of 2025.

Gee, corruption much?