What's next for Tesla's stock as shareholders and Wall Street pros weigh in

) shareholders voted to reinstate Elon Musk 's pay package on Thursday afternoon, some investors and analysts told Yahoo Finance they remain skeptical.

In January, Delaware Chancery Court Judge Kathaleen McCormick ruled that the original pay package, which was approved by 73% of voted shares in 2018, was not negotiated fairly. Longtime Tesla investor Ross Gerber has questioned Vanguard's move. "Index funds are supposed to represent the public and often have corporate governance expectations for the companies. It seems a little bit weird that they voted for the pay package and said it aligns with shareholder incentives — which it does, but at an outrageous value,” he told Yahoo Finance.

“This is part of the distraction problem,” Lander said. “Delaware has a set of relatively conservative laws that are the foundation of shareholder capitalism. To then pack up your marbles and move to Texas because you’re pissy about a judge who said you have to follow the rules, the question is how are you going to reset?”

“This is just the start of the next chapter, as Musk calls it, in the Tesla growth story. It's one of the best disruptive names in the world,” Ives said. “It's one of the best AI plays in the market.” "I think that there's going to be much more chatter and much more opportunity to get in when you can see clearly that the growth is going to happen," said Harden.@SeanaNSmithMoney expert Rubina Ahmed-Haq breaks down the federal government's changes to the capital gains tax. Learn how the new measures might affect you and your family and how the levy applies to inherited property.

Source: News Formal (newsformal.com)

Tesla Shares Brad Lander Tesla Stock Tesla Car Shareholders Delaware Chancery Court

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold looks good again next week as both Wall Street and Main Street turn bullishThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Wall Street euphoria vs. Main Street angst: Mind the gapIn the ongoing story of the ‘haves’ and ‘have nots’, Jay Woods, Freedom Capital Markets' chief global strategist, explores the current environment of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrainedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: Wall Street drifts to a mixed close after European stocks slump againNEW YORK (AP) — U.S. stocks drifted to a mixed close as caution crept into financial markets heading into the weekend. The S&P 500 slipped less than 0.1% Friday after setting an all-time high every other day this week.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens lower, pulling back from record highsNEW YORK (AP) — Stocks are opening lower on Wall Street after closing at a series of record highs. The S&P 500 fell 0.3% in the early going Friday, but is still holding on to a gain for the week. The Nasdaq composite fell 0.2%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts after mixed economic reports, more AI ebullienceNEW YORK (AP) — U.S. stocks are drifting around their records Thursday following some mixed data on the economy, including the latest encouraging update on inflation. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »