Tesla Stock Drops Over 2% Amid Investor Concerns
Tesla shares fell more than 2% in early trading Thursday, settling near $452 after closing at $462.07 on Wednesday. The stock has been volatile, only closing above $460 seven times and nearing its all-time high of $479.86 from December 2024.
Recent Stock Performance
In the last three months, Tesla’s shares surged 44%, driven by optimism about the company's advancements in artificial intelligence and robotics.
Key Shareholder Meeting in Austin
At Thursday’s annual meeting in Austin, Texas, shareholders will vote on several proposals that could significantly influence Tesla’s future direction.
CEO Elon Musk’s Controversial Compensation Package
The most notable proposal is the approval of Elon Musk’s $1 trillion pay package, the largest executive compensation plan ever proposed. This package links Musk’s payout to stringent operational and market performance milestones.
- Tesla must deliver 20 million vehicles within ten years.
- Deploy one million robotaxis.
- Increase market capitalization from $1.5 trillion to between $2 trillion and $8.5 trillion.
Investor Reactions
"Supporters argue the goals are extraordinarily ambitious and would generate immense shareholder value if achieved."
However, major investors such as Norway’s sovereign wealth fund and key proxy advisory firms criticize the package as excessive.
Author's summary: Tesla’s stock wavers ahead of a pivotal shareholder vote on Elon Musk’s unprecedented $1 trillion pay plan, sparking debate over the feasibility and fairness of his ambitious goals.
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