Columbia Law Professor With Small Tesla Stake 'Inclined To Vote Against' Elon Musk's Pay Plan As EV Giant Is 'Sort Of Melting Ice Cube'
Portfolio Pulse from Shanthi Rexaline
Columbia Law Professor Eric Talley, who holds a small stake in Tesla, Inc. (NASDAQ:TSLA), expressed his inclination to vote against Elon Musk's 2018 pay package at the upcoming shareholder meeting. Talley cited concerns over Tesla's thinning margins, increasing competition from China, and political uncertainties. Proxy advisory firm Glass Lewis also advised against the pay plan, and Musk reacted negatively. The outcome of the vote could influence Musk's focus on Tesla or his other ventures.
May 30, 2024 | 8:49 am
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Columbia Law Professor Eric Talley is inclined to vote against Elon Musk's 2018 pay package at Tesla's upcoming shareholder meeting, citing concerns over margins, competition, and political uncertainties. Proxy advisory firm Glass Lewis also advised against the pay plan.
The inclination of a legal expert to vote against Musk's pay package, along with the advisory from Glass Lewis, could negatively impact investor sentiment. Concerns over margins, competition, and political uncertainties add to the bearish outlook.
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