Tesla Tempts Shareholders With Giga Texas Tour For Voting On CEO Elon Musk's Rescinded $56B Pay Package
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) is offering tours of its Giga Texas factory to select shareholders who vote on CEO Elon Musk's rescinded $56 billion pay package. The vote will also determine if Tesla's state of incorporation will move from Delaware to Texas. The results will be announced at the annual shareholder meeting on June 13. Morgan Stanley analyst Adam Jonas predicts material volatility in Tesla's stock due to the meeting.
May 29, 2024 | 5:48 am
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Tesla is incentivizing shareholders to vote on Elon Musk's rescinded $56 billion pay package by offering Giga Texas tours. The vote will also decide if Tesla's state of incorporation will move from Delaware to Texas. The results, to be announced on June 13, are expected to cause significant stock volatility.
The news directly involves Tesla's shareholders and a significant pay package for CEO Elon Musk, which has been a contentious issue. The outcome of the vote could lead to material volatility in Tesla's stock, as noted by Morgan Stanley analyst Adam Jonas. The decision on the state of incorporation also adds regulatory implications.
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