Musk Goes All In For Mega-Payday As Tesla Targets Growing Retail Investor Army With Dedicated Website, Strategic Advisor (CORRECTED)
Portfolio Pulse from Ramakrishnan M
Tesla Inc. (NASDAQ:TSLA) is making a concerted effort to gain retail investor support for CEO Elon Musk's pay package ahead of its June 13 annual meeting. The company has launched a dedicated website and enlisted a strategic advisor and law firm to aid the campaign. This follows a Delaware judge's rejection of the compensation agreement in March. Despite significant social media support for Musk, challenges include low retail investor participation and financial declines. Major investors like Leo KoGuan oppose the pay deal, while the stances of Vanguard and BlackRock remain unclear.
May 16, 2024 | 8:11 am
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Tesla is actively seeking retail investor support for Elon Musk's pay package ahead of the June 13 annual meeting. The company has launched a dedicated website and enlisted external advisors. This follows a court rejection of the compensation agreement, adding uncertainty to the vote outcome.
The news is highly relevant to Tesla as it directly impacts the company's leadership and governance. The outcome of the vote could influence investor sentiment and stock price. However, the uncertainty surrounding the vote and mixed investor opinions make the short-term impact neutral.
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