Tesla Global Shareholders Risk Exclusion Ahead Of Crucial Vote Amid Cross-Border Voting Woes: Report
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) faces potential voting issues for its global shareholders ahead of a crucial vote on CEO Elon Musk's $56 billion pay package and the proposal to reincorporate the company in Texas. Cross-border voting challenges may prevent many international shareholders from participating, potentially impacting the outcome.
June 03, 2024 | 1:00 pm
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Tesla's upcoming shareholder vote on Elon Musk's $56 billion pay package and the proposal to reincorporate in Texas faces challenges due to cross-border voting issues. This could impact the outcome and create stock volatility.
The inability of many international shareholders to vote could skew the results of the upcoming resolutions, particularly the Texas reincorporation which requires a majority of all shares outstanding. This uncertainty may lead to short-term stock volatility.
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