The Big Vote On Elon Musk's $1 Trillion Tesla Pay Package Is Here

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Happy Monday! It's November 3, 2025, and this is The Morning Shift — your regular roundup of nan apical automotive headlines from astir nan world, successful 1 place. This is wherever you'll find nan astir important stories that are shaping nan measurement Americans thrust and get around.

In this morning's edition, we're looking astatine nan latest updates connected Elon Musk's trillion-dollar Tesla payday, arsenic good arsenic Toyota and Honda's latest play for India. We'll besides look astatine Nissan's downsizing, and nan latest factors making cars successful nan United States much expensive. 

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Elon Musk whitethorn beryllium nan wealthiest man successful nan world, but moreover that doesn't look to sate nan man's eternal request for more. He's now asking Tesla for a salary package that could beryllium worthy $1 trillion, and it's up to shareholders to find whether he gets it. That ballot happened yesterday, and results will beryllium revealed aft nan company's yearly shareholder gathering coming — pinch Musk promising to return his shot and spell location if he doesn't get his way. From Bloomberg:

Tesla Inc.'s run to grant its main executive serviceman a salary package perchance worthy $1 trillion is drafting to a close, and this overmuch is certain: Elon Musk will return it personally.

Board chair Robyn Denholm said arsenic overmuch during an question and reply pinch Bloomberg News, offering a position based connected nonstop conversations she's had pinch nan world's richest man.

If shareholders ballot against nan proposal, Musk "will return it arsenic a antagonistic motion connected his leadership," Denholm said past week astatine Bloomberg's agency successful New York. She warned it's apt that Musk will leave, aliases not beryllium an progressive executive astatine Tesla, if nan measurement fails.

It's worthy asking really overmuch of an "active executive" Musk is now, fixed that astir of his clip seems to beryllium spent spreading far-right conspiracy theories connected Twitter. Does he really lend to his car institution successful immoderate way? What precisely would you opportunity it is you do here?

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Two of nan world's awesome car markets, nan United States and China, are shifting. The second is getting much competitive, pinch an EV value warfare pushing profits down, while nan erstwhile has decided to abruptly go a protectionist and isolationist waste and acquisition market. In response, automakers are trying retired caller markets. Now that database has expanded to India, pinch Toyota and Honda looking to grow operations successful nan country. From Reuters:

Toyota, Honda and Suzuki are spending billions of dollars to build caller cars and factories successful India, a motion of nan country's increasing value arsenic a manufacturing hub arsenic Japanese automakers redraw world proviso chains to trim dependence connected China.

Toyota, nan world's largest carmaker, and Suzuki, nan leader successful nan Indian marketplace pinch almost a 40% share, person separately announced investments totalling $11 cardinal to beef up manufacturing and export capabilities successful nan world's third-largest car market.

Honda said past week it will make India a accumulation and export guidelines for 1 of its planned electrical cars.

The Reuters portion positions this move arsenic a consequence to China, but I've agelong said automakers would beryllium smart to look to India arsenic nan U.S. marketplace gets much protectionist. India has a monolithic population, and it's not each served by nationalist transit. Sure, it's besides a protectionist automotive market, but arsenic nan U.S. continues down that way (and arsenic buyers present get poorer and poorer) access to nan Indian organization apt looks much and much attractive. 

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Nissan is downsizing successful a large way, cutting factories and suppliers successful hopes of making its cars much cheaply. The institution conscionable exited its sixth works retired of a planned seven, abandoning a installation it operates alongside Daimler down successful Mexico. From Automotive News:

In Nissan's cost-saving quest to adjacent factories worldwide, it's six down and 1 to go.

CEO Ivan Espinosa confirmed that nan Japanese automaker would extremity accumulation by nan extremity of this period astatine nan associated task mill it operates pinch Germany's Daimler successful Mexico.

Nissan Motor Co. makes nan compact Infiniti QX50 and QX55 crossovers astatine nan plant, known arsenic nan Cooperation Manufacturing Plant Aguascalientes, aliases COMPAS for short.

Exiting COMPAS takes Espinosa 1 measurement person to a expansive restructuring scheme that involves shuttering 7 of nan company's 17 world manufacturing plants. The extremity is to slash capacity of immoderate 2.5 cardinal to 3 cardinal vehicles successful nan fiscal twelvemonth ending March 31, 2028.

Nissan runs nan consequence present of simply making its cars excessively cheap, truthful they nary longer consciousness worthy their costs premium over, say, Mitsubishi. Hopefully Espinosa doesn't overshoot here. 

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The Trump management has done beautiful overmuch everything wrong its powerfulness to penalize companies that bring equipment into nan United States — Trump seems to deliberation that each products utilized aliases consumed wrong nan U.S. should only beryllium produced from materials mined here, pinch nary imports anyplace successful nan process — and its latest method is an summation successful larboard fees. That could construe to different mates 100 bucks tacked connected to automakers' bills for bringing cars in, which apt intends different mates 100 bucks that customers will spot arsenic destination fees. From Reuters:

Automakers transporting their cars to nan U.S. could look $200 to $300 per conveyance successful further costs, nan CEO of car bearer Wallenius Wilhelmsen told Reuters connected Wednesday, arsenic nan institution seeks to walk connected caller U.S. larboard fees to customers.

Higher-than-expected U.S. larboard fees connected foreign-built ships took effect successful mid-October arsenic portion of a waste and acquisition conflict betwixt China and nan U.S. That prompted Wallenius Wilhelmsen, which operates "roll-on/roll-off" carriers that vessel cars and dense machinery worldwide, to retreat its financial outlook.

"We're clear that this measure is an further costs we've been fixed and that we request to walk connected to our customers," Chief Executive Lasse Kristoffersen said.

A late-October statement betwixt U.S. President Donald Trump and Chinese President Xi Jinping granted a 12-month reprieve from nan tit-for-tat fees connected each other's ships, delaying changes that could costs shipping companies millions of dollars and disrupt alloy schedules.

Destination fees person already been rising successful consequence to tariffs, and it's improbable we'll spot them spell down immoderate clip soon. Of course, erstwhile automakers get utilized to charging higher fees, it's improbable we'll spot them spell down ever — whether aliases not costs to automakers do. 

Russia genuinely had truthful galore revolutions and rebellions earlier 1 stuck.