The Tesla board has managed to avoid what could have been a tricky investor vote on requiring political neutrality among executives, after the Securities and Exchange Commission ruled the electric vehicle manufacturer could exclude a shareholder proposal on the matter from its 2025 annual materials, according to a copy of the SEC’s letter obtained by Fortune .

The proposal was submitted by Jay Butera, 67, a staunch climate advocate and investor who has held shares in Tesla since the company’s 2010 IPO . Butera’s neutrality proposal, if approved by shareholders, would have prohibited Tesla leadership from making political statements, endorsements, or contributions in support or opposition to political parties or candidates. Butera, a retired entrepreneur who still holds milli

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