Elon Musk's Tesla Pay Package Saga Continues: Latest Developments
Portfolio Pulse from Erica Kollmann
Delaware Chancery Court Judge Kathaleen St. J. McCormick will hear arguments on whether to consider recent shareholder vote results in her decision on Elon Musk's $56 billion Tesla pay package. The court will also address attorney's fees on July 8. Analysts have mixed ratings on Tesla with an average 12-month price target of $197.82.
June 27, 2024 | 8:46 pm
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Judge McCormick will consider recent shareholder vote results in her decision on Elon Musk's $56 billion Tesla pay package. The court will also address attorney's fees on July 8. Analysts have mixed ratings on Tesla with an average 12-month price target of $197.82.
The court's decision on whether to consider the recent shareholder vote could impact investor sentiment. However, the mixed analyst ratings and the average price target suggest a neutral short-term impact on Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100