TSLA Dec 2024 250.000 call
- Yahoo Finance Video
Tesla board should take on an 'independent, active' role
Even while the stock is down nearly 29% year-to-date, Tesla (TSLA) shareholders voted in approval of CEO Elon Musk's pay package. "That's a pretty remarkable statement of confidence on their part. What I said was it does not take anything away from the enormous scale of his achievements in building Tesla and not just Tesla," Fletcher School of Law and Diplomacy Lecturer and Picking Presidents Author Gautam Mukunda tells Market Domination Overtime. Based on Tesla's growth under Musk's leadership, Mukunda likens a Tesla without Elon Musk at the helm as a Ford without Henry Ford, stipulating Tesla's board should take a more hands-on approach with the company: "The board should take a much more independent and active role in the company. What I would say is that there is no such thing as a genius so brilliant that all of their ideas are good ones, or even their good ideas can't be improved by pressure from other smart, capable people. I think the board has given him sort of total freedom to do whatever he wants" 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 Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: EV competitors like Ford, GM are 'scared' of Tesla: Investor 'Don't fire Steve Jobs': Tesla analysts react to approval of Elon Musk's pay package 'Hold on Tesla and wait,' don't buy right now: Strategist Tesla is in 'incredibly enviable' position for real-world AI Tesla is biggest market bubble in world history: Short seller Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why.
- Yahoo Finance Video
Musk pay package, cruise line pressures: Market Domination
On today's episode of Market Domination, Yahoo Finance's Julie Hyman and Josh Lipton break down the trading week's biggest stories from Tesla (TSLA) CEO Elon Musk's pay package to tumbling cruise line stocks. The major indexes (^DJI, ^IXIC, ^GSPC) are mixed after June's consumer sentiment data hit its lowest level since November. CFRA Research chief investment strategist Sam Stovall is concerned that markets may have "to endure another decline" before the following year sees substantial market gains. Tesla shareholders approved CEO Elon Musk's controversial $56 billion compensation package at Thursday's shareholder meeting. Financial analyst and YouTuber "Meet Kevin" Kevin Paffrath was in favor of Musk's pay package, explaining, "the deal was made in 2018 and it was very public... Frankly, if that same deal was made today at those prices then, everybody would look at that as a shareholder and go — well, at least 70% like we had then — 'Of course, we're going to support if you can move the market capitalization of this stock essentially exponentially. Of course, we're going to support paying for you.' So receiving that and then being frustrated about Elon in the short term, I don't think is fair. I think it hits on an element of justice." As the summer travel season heats up, top cruise line stocks (CCL, RCL, NCLH, VIK) dipped in Friday's session after Bank of America analysts found cruise prices to be "modestly softer" in June. On the airline side, issues with Boeing (BA) are preventing companies from accessing new planes, stunting growth amid high demand. Peter McNally, Third Bridge Global's Head of Industrials, Materials, and Energy Sector, explains, "companies like United (UAL) who've got very ambitious targets out to 2026 that they've had to temper that a bit... It doesn't seem like Boeing's problems are going to be sorted anytime soon, and it's not like Airbus (AIR.PA) can go any faster than they already are." Shares of Shopify (SHOP) rose after Evercore ISI's Mark Mahaney upgraded the e-commerce company to Outperform from In Line, citing an attractive entry point for investors following a slight decline in the share price. Tempus AI (TEM) shares also popped after making its trading debut on the Nasdaq via an IPO. This post was written by Melanie Riehl
- Investor's Business Daily
Dow Jones Futures: Apple, Nvidia, Microsoft Vie For Crown; How To Handle A Divided Market Rally
Apple, Nvidia, Microsoft are fueling the Nasdaq, but the market is increasingly split. Tesla has a new base, with caveats. Meta is among seven actionable stocks.
