Tesla Bull Gary Black Sees Elon Musk's $56B Pay Package Pass 'Easily' At Shareholder Meeting; Expects Stock To Jump 3-5% Over The Next Few Days
Portfolio Pulse from Anan Ashraf
Gary Black, Managing Partner at Future Fund, believes Tesla CEO Elon Musk's $56 billion pay package will be easily passed at the upcoming shareholder meeting. Black expects Tesla's stock to jump 3-5% in the short term following the vote. Despite opposition from proxy advisory firms and major investors like CalPERS, the majority of shareholders have voted in favor of the package.
June 13, 2024 | 6:33 am
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Gary Black expects Elon Musk's $56 billion pay package to pass easily at the shareholder meeting, predicting a 3-5% stock jump. Despite opposition from proxy advisory firms and major investors, the majority of shareholders support the package.
The approval of Musk's pay package is seen as a positive signal for Tesla's leadership stability, which is likely to boost investor confidence and drive the stock price up in the short term. Gary Black's prediction of a 3-5% increase adds weight to this expectation.
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