Tesla Stock Caught In 'Category 5 Hurricane' Due To Musk Compensation Plan: 3 Ways This Analyst Would Fix The Problem
Portfolio Pulse from Chris Katje
Wedbush analyst Daniel Ives suggests three actions for Tesla's board to improve stock sentiment amid negative narratives and a voided 2018 compensation plan. These include creating a new compensation package for Elon Musk, moving Tesla's incorporation from Delaware to Texas, and having shareholders vote on the new plan. This follows a letter from 5,821 shareholders supporting Musk and the board, and proposing a new compensation plan with specific milestones. Tesla shares are currently down 24% YTD in 2024.
February 08, 2024 | 10:23 pm
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Tesla faces a 'Category 5 hurricane' due to negative narratives and a voided 2018 compensation plan. Analyst Daniel Ives suggests remedies including a new compensation package for Musk, moving incorporation to Texas, and a shareholder vote on the new plan.
The suggestions by Daniel Ives, if implemented, could potentially improve investor sentiment and stabilize the stock price. The backing by a significant number of shareholders for Musk and the board's actions further supports the potential positive impact on Tesla's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100