$Tesla (TSLA.US)$A storm is brewing! Tonight, Tesla will decide on two important matters!
On June 14th, 04:30 Beijing time, Tesla will hold its 2024 Shareholder Meeting:
Will Musk's $56 billion compensation plan be approved? And will the company relocate from Delaware to Texas?
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How does the annual shareholder meeting affect the stock price?
Unlike the routine activities of shareholder meetings in other companies, tesla's shareholder meetings often signify the occurrence of "big news".
At the 2023 shareholder meeting, Musk confirmed the sales date of Cybertruck, the longtime deputy before the election, J.B. Straubel, entered the board of directors, and clarified the rumors about his resignation as CEO of tesla.Within a month after last year's shareholder meeting, tesla's stock price surged by over 50%.
Since 2024, Tesla's Q1 performance has been lower than expected, and combined with the controversies over layoffs and lower-than-expected Q1 deliveries, Tesla has fallen more than 30% since the beginning of the year.The resolution of this shareholder meeting has attracted wide attention in the market.
Why was Elon Musk's $56 billion compensation plan approved? What are the significant impacts?
Since 2019, Tesla CEO Elon Musk has not received any cash salary from Tesla, and his compensation is linked to the company's market cap and performance.
The board of directors...