All The Tesla CEO's Men (And Women): Elon Musk's Inner Circle Lobbies Hard For His Pay Plan Ahead Of Crucial Board Meet
Portfolio Pulse from Shanthi Rexaline
Tesla's annual shareholder meeting will decide on CEO Elon Musk's controversial compensation plan, which could significantly impact Tesla's stock. The plan has faced legal challenges and mixed analyst predictions, with potential stock price volatility depending on the outcome.
June 12, 2024 | 7:21 am
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Tesla's shareholder meeting will vote on Elon Musk's controversial compensation plan. The outcome could either stabilize or further destabilize Tesla's stock, which has already fallen over 31% year-to-date.
The decision on Musk's compensation plan is crucial for Tesla's future leadership and investor confidence. A rejection could lead to Musk scaling back his involvement, potentially spooking investors and causing a stock price drop. Conversely, approval could stabilize the stock.
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