【Guess and win】The Tesla shareholder meeting is here! Musk wins the vote for the compensation plan! Guess the closing price together.

$Tesla (TSLA.US)$A new storm is brewing! Tonight, Tesla has to decide on two major issues!

At 04:30 on June 14, Beijing time, Tesla will hold its 2024 annual shareholder meeting:

Will Musk's $56 billion compensation plan be approved? And will the company's registration location move from Delaware to Texas?

Participate in the guessing at the end of the article and win exquisite peripheral gifts!

How does the annual shareholder meeting affect the stock price in previous years?

Unlike the routine and uneventful shareholder meetings of other companies, Tesla's shareholder meetings often mean the occurrence of "major news events".

At the 2023 shareholder meeting, Musk confirmed the sales date of Cybertruck, the long-time deputy J.B.Straubel joined the board before the election, and clarified the rumors about his resignation as CEO of Tesla.After the shareholders' meeting last year, Tesla's stock price soared by over 50% within a month.

Since 2024, Tesla's Q1 performance has been lower than expected, combined with the turmoil of layoffs and the impact of lower-than-expected Q1 deliveries. Tesla has fallen by over 30% since the beginning of the year.The decision made at this shareholders' meeting has attracted widespread attention in the market.

Why was there a decision on Musk's $56 billion compensation plan? What are the significant impacts?

Tesla CEO Musk has not taken any cash salary from Tesla since 2019. His compensation is linked to the company's market cap and performance.

The board of directors granted Musk a $56 billion incentive stock option in 2018.If Musk achieves a series of growth and profit targets for the company, he will gradually unlock the option rewards, purchase more stocks at a lower price, and then sell them to generate substantial income.However, at the beginning of 2024, due to a judge's ruling in Washington state that there was insufficient disclosure of information to investors at the time, the previous vote was deemed invalid, necessitating a re-vote at this shareholders' meeting.

Musk has stated that he would feel uneasy if he did not have about 25% of the voting control, and he would rather develop products outside of Tesla.

In order to ensure the proposal is passed, Tesla has even set up a website specifically for this, hoping that its large number of retail investors will vote in favor.

Analysts believe that Musk's leadership and innovation ability are the main reasons for Tesla's stock price premium. If the compensation plan is rejected, it may increase uncertainty about the company's future direction and leadership.

文末活動

Can Musk's $56 billion compensation plan be approved? What's your opinion?

1. Yes!

2. No!

Leave a comment in the comment section of this article and share your judgment and analysis on whether Musk's compensation plan can be approved for a chance to win:

Excellent Comments Award (5 winners): The 5 mooers with the most excellent comments on Musk's compensation plan will receive 188 points.

Participation for Fun Award (5 winners): Participants who provide rational discussions (30 words or more) on Musk's compensation plan will receive 66 points.

Activity deadline: June 14, 04:30

What will be the trend of Tesla's stock price on the first trading day (June 14th in US) after the Tesla Shareholders' Meeting?

Hot Sister's Guess Challenge! See if you can accurately predict the stock price trend after the Tesla Shareholders' Meeting.

Accurate Prediction Award (5 winners): The 5 mooers with the most accurate prediction of Tesla's closing price will receive a small suitcase.

Turning Stone into Gold Award (5 winners): The 5 mooers with the most brilliant experiences of buying and selling Tesla will receive a frosted insulated cup.

Active Participation Award (5 winners): Participants who provide rational discussions (30 words or more) will receive 66 points.

Voting end time: June 14, 21:30.

Note: The above awards 1, 2, 3 can only be won once, and the statistical method for award 1 is the absolute difference between the closing price of the individual stock and the guessed price. When the guessed closing price is the same, the list of winners will be filtered in chronological order of comments, with the right to interpret and decide the final result of the event belonging to Futu.

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