Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 340.00 |
Expiry date | 2024-06-21 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 2.63k |
CEO pay is on the rise across corporate America as Tesla stockholders prepare to vote on a $56 billion compensation package for Elon Musk.
Economic data from the US S&P Global Composite Purchasing Managers Index (PMI) was released on Thursday morning, reaching 54.4 in May, the highest level in over two years. Speculation about how the Federal Reserve will make its next policy decision mounts as the data adds to signs of growing US economic output, with Treasury yields (^TNX ^TYX, ^FVX) also climbing. Many CEOs are following Tesla CEO Elon Musk's (TSLA) footsteps as the number of CEOs who have received annual compensation packages above $50 million has increased in recent years. For more expert insight and the latest market action, click here
Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source. The move is aimed at addressing weakening demand for the U.S. automaker's aged model in China, its second largest market into which a majority of the cars produced at the Shanghai plant are sold and where a brutal price war has erupted among electric vehicle makers amid an economic slowdown. The Shanghai plant, Tesla's biggest manufacturing hub globally, planned to cut Model Y output by at least 20% during the March to June period, said the person, who declined to be named as the matter is private.