Make Tesla Great Again? Elon Musk Concurs With Steps To Transform EV Maker Into Top Global Company
Portfolio Pulse from Shanthi Rexaline
Tesla's upcoming annual shareholder meeting on June 13 will decide on Elon Musk's 2018 compensation package, which was nullified by a Delaware Chancery court. Key conditions for Tesla's growth include Musk getting 25% voting power, Tesla being incorporated in Texas, and the approval of Musk's compensation package. Musk has indicated that without these conditions, he may prefer to build products outside of Tesla. The company is also focusing on its robotaxi business to counter its core EV business struggles.
May 19, 2024 | 10:56 pm
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Tesla's upcoming shareholder meeting will decide on Musk's compensation package and other key conditions for the company's growth. Approval of these conditions is crucial for Tesla's future direction, especially in AI & robotics.
The approval of Musk's compensation package and other conditions are seen as critical for Tesla's future growth, especially in AI & robotics. This could positively impact Tesla's stock price in the short term as it aligns with Musk's vision for the company.
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