TSLA Jun 2024 33.330 call
| Previous close | 145.95 |
| Open | 145.95 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 33.33 |
| Expiry date | 2024-06-21 |
| Day's range | 145.95 - 145.95 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Tesla is a 'great company,' but 'mismanaged': Investor
Shares of Tesla (TSLA) continue to slide as the company once again asked shareholders to approve CEO Elon Musk's $56 billion pay package that was originally struck down by a Delaware judge. The judge involved in the case called the pay package excessive and said the company's board failed to justify it. The compensation includes no salary or cash bonus but instead stock options that are issued based on performance threshold. Gerber Kawasaki CEO Ross Gerber joins Market Domination Overtime to discuss the situation with Tesla and Musk and why he is "grateful" to have sold the stock in recent months. Gerber gives his full thoughts over the company and the position he has taken: "We trimmed Tesla down to a reasonable position, about a 2% position in our firm and in my fund. I love the company. I want to make it clear, the products are amazing. It's a great company with great employees and I just think it's being mismanaged at this point. And it -- you know, I think their strategies are not working. So we've lowered our position, I hope I don't end up selling out of this position because I do think the long-term for Tesla could be amazing if it had the focus of a full-time CEO." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Tesla's biggest challenges ahead of reporting Q1 earnings
Shares of Tesla (TSLA) are under pressure ahead of the company's first-quarter earnings results expected out next week, as it contends with a slew of mounting challenges. Tesla is seeking shareholder approval for a $56 billion pay package for CEO Elon Musk, which was initially struck down by a Delaware Chancery Court judge in January. The EV company is now looking to move its incorporation from Delaware to Texas for this controversial compensation plan. Compounding these issues, analysts at Barclays have taken a bearish stance on Tesla's stock, warning that the company's upcoming earnings results could drive the share price even lower. The investment bank has dropped its price target on Tesla shares to $180, down from the previous $225. Additionally, Tesla is reportedly planning to lay off around 10% of its global workforce. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
ReutersAnalysis-Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal
Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said. The electric vehicle maker on Wednesday proposed putting Musk's 2018 pay deal to a shareholder vote, even though a Delaware judge voided it in January. Tesla is using a little-known section of Delaware's corporate law that lets companies fix procedural defects that would otherwise nullify their boardroom decisions.
