SpaceX IPO Filing Shows Musk Cannot Be Fired
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy TSLA?
SpaceX is telling investors that no one can fire Elon Musk from his role as chief executive and chairman of the board without the billionaire founder's consent, according to an excerpt of its IPO filing reviewed by Reuters. The filing states that Musk "can only be removed from our board or these positions by the vote of Class B holders" -- super-voting shares with ten votes apiece that he will control after the IPO, making his removal effectively a self-vote, Reuters' Echo Wang and Isla Binnie note. If he "retains a significant portion of his holdings of Class B common stock for an extended period of time, he could continue to control the election and removal of a majority of our board."
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 411.790
Low
25.28
Averages
401.93
High
600.00
Current: 411.790
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- AI and Robotics Progress: With approximately 1.3 million subscribers for its Full Self-Driving (FSD) package and robotaxi pilot programs launched in major Texas cities, Tesla's advancements in AI and robotics could bolster bullish sentiment around its stock.
- Sales Growth and Risks: While Tesla reported a 16% year-over-year increase in automotive sales and a 17% rise in GAAP earnings, any slowdown in EV sales coupled with underperformance in AI and robotics could reignite negative sentiment among investors.
See More
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- Sales Growth and Risks: Tesla reported a solid 16% year-over-year increase in automotive sales and a 17% rise in GAAP earnings; however, if EV sales weaken and the AI and robotics sectors fail to compensate, negative sentiment could resurface.
- Future Outlook: With approximately 1.3 million subscribers for its Full Self-Driving package and robotaxi pilot programs launched in several cities, investors are currently optimistic about Tesla's prospects, but caution is advised as market dynamics evolve to determine the best investment timing.
See More
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- Merger Discussions Heat Up: Cern Basher notes that while many Tesla bulls oppose a merger with SpaceXAI, the accelerating AI race may force Tesla deeper into Musk's tech ecosystem, influencing its future strategy.
- Value of Robotaxi and Optimus: Basher argues that Tesla's Robotaxi and Optimus projects are still in their early stages, with many investors hoping for greater value creation in the coming years, reflecting confidence in Tesla's future growth potential.
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See More
