Elon Musk Slams Public Pension Fund Over Compensation Package Vote: 'CalPERS Broke The Deal' (UPDATED)
Portfolio Pulse from Benzinga Neuro
Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has publicly disagreed with CalPERS CEO Marcie Frost's decision to vote against his compensation package. This follows a Delaware court's decision to overturn Musk's $56 billion pay package, which Tesla's board is attempting to reinstate through a shareholder vote in June. Morgan Stanley analyst Adam Jonas predicts material volatility in Tesla's stock due to the upcoming meeting.
May 29, 2024 | 2:24 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Elon Musk has publicly disagreed with CalPERS CEO Marcie Frost's decision to vote against his compensation package. This follows a Delaware court's decision to overturn Musk's $56 billion pay package, which Tesla's board is attempting to reinstate through a shareholder vote in June. Morgan Stanley analyst Adam Jonas predicts material volatility in Tesla's stock due to the upcoming meeting.
The public disagreement and the ongoing legal and shareholder actions regarding Musk's compensation package are likely to create uncertainty and volatility in Tesla's stock. The upcoming shareholder vote and the board's efforts to reinstate the pay package add to the potential for short-term price fluctuations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100