Tesla Stock Is Sliding Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
Tesla Inc (NASDAQ:TSLA) shares are trading lower ahead of the company’s annual shareholder meeting, which includes a proposal regarding CEO Elon Musk’s 2018 pay package. The outcome of the vote, which is expected to be close, could impact Musk's focus on Tesla and the company's share count. Analyst Tony Sacconaghi predicts a 5% drop in Tesla stock if the proposal fails.
June 11, 2024 | 6:57 pm
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NEGATIVE IMPACT
Tesla shares are trading lower ahead of a vote on Elon Musk's 2018 pay package. The outcome could impact Musk's focus on Tesla and the company's share count. Analyst Tony Sacconaghi predicts a 5% drop in Tesla stock if the proposal fails.
The vote on Musk's pay package is a significant event for Tesla, as it could influence Musk's focus on the company and affect the share count. The prediction of a 5% drop by analyst Tony Sacconaghi adds to the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100