57% Of Investors Expect Elon Musk's $56B Pay Package To Be Approved As Tesla Inches Closer To Vote: Poll
Portfolio Pulse from Anan Ashraf
A Morgan Stanley survey reveals that 57% of investors expect Tesla's CEO Elon Musk's $56 billion pay package to be approved in an upcoming shareholder vote. The vote, scheduled for June 13, will determine the long-term strategic direction of Tesla and is expected to cause significant stock volatility. Proxy advisory firms have recommended voting against the package, terming it excessive.
June 01, 2024 | 3:49 pm
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A Morgan Stanley survey indicates that 57% of investors expect Elon Musk's $56 billion pay package to be approved in an upcoming shareholder vote. The vote is expected to cause significant volatility in Tesla's stock price, with approval likely driving the stock up and non-approval driving it down.
The survey results suggest a majority of investors expect the pay package to be approved, which is anticipated to positively impact Tesla's stock price. The upcoming vote is a significant event that will likely cause material volatility in the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100