Tesla stock slides after Elon Musk's multibillion dollar pay package gets blocked

Published On Dec 3, 2024, 1:05 PM

Tesla's stock has fallen after a Delaware judge blocked Elon Musk's $56 billion pay package for a second time. This ruling comes after a lawsuit claimed that the pay structure was excessive and misrepresented to shareholders. In response, Musk indicated that he might leave Tesla if he doesn't regain more influence within the company. Analysts speculate that Tesla's board will still find a way to reward Musk to keep him engaged, as he remains central to the company's identity and success. Tesla's market cap has seen substantial growth, but Musk's pay package continues to be a contentious issue among shareholders and the judiciary.

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Stock Forecasts

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Negative

Investors might remain cautious given the recent legal challenges surrounding Musk's compensation, which could indicate internal governance issues. Additionally, with declining sales in key markets such as China, there may be potential volatility ahead for Tesla's stock. Overall sentiment might lean negative as these factors weigh on investor confidence.

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