Elon Musk Pledges Priority For Tesla Loyalists In Future IPOs, But VC Vinod Khosla Wants Dividends First: 'Reward Long-Term Beliefs'
Portfolio Pulse from Anan Ashraf
Elon Musk has pledged to prioritize longtime shareholders of his companies, including Tesla, Inc. (NASDAQ:TSLA), in future IPOs of his private ventures. Venture capitalist Vinod Khosla responded by advocating for dividends for Tesla's long-term shareholders. Tesla currently does not offer dividends, making it an outlier among major tech companies.
June 10, 2024 | 8:41 am
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Elon Musk's pledge to prioritize Tesla loyalists in future IPOs has sparked a debate on shareholder rewards. Venture capitalist Vinod Khosla advocates for dividends for long-term shareholders, highlighting Tesla's current lack of dividends.
The news highlights a potential shift in Tesla's shareholder reward strategy, but no immediate changes are announced. The debate on dividends could influence investor sentiment, but the short-term impact on stock price is likely neutral.
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