Tesla's recent moves and outcomes have shocked the business and financial world. Its CEO,
Elon Musk, has had his unprecedented $56 billion pay package ratified by shareholders. The market reaction has resulted in a sharp rise in Tesla's share price. Amidst all this, the company confirmed its reincorporation in Texas instead of Delaware. Musk also teased three new vehicles at the Annual Shareholder Meeting, hinting at an incoming affordable model.
Bireme Capital, on the other hand, is short selling Tesla alongside Apple. This consolidation in Texas was welcomed openly by the state’s GOP Governor,
Greg Abbott. As the company ramps up its Cybertruck Production, it aims to produce 2,500 units per week. A warning has been issued on Tesla Stock by Bernstein. ARK's anticipation for Tesla in 2029 is a whopping $2600 per share value. Texas’ welcoming of Tesla's corporate move, and Musk securing his pay package after the shareholder vote, could be seen as significant victories for Musk and Tesla. However, the company is set to face trial over its Self-Driving features, with some major shareholders refraining from full support. Tesla now looks forward to releasing Full Self-Driving in China, a major milestone.
Tesla TSLA News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Sun, 16 Jun 2024 17:34:26 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor 4
