Elon Musk's pay-deal vote is the ultimate 'meme stock' test for Tesla, investor says

Elon Musk's Tesla is placing ads on X, the former Twitter.LEON NEAL/Getty Images Shareholders are voting on whether to approve Elon Musk's massive compensation package. It's essentially a vote deciding how central Musk is to Tesla, investor Roger McNamee told CNBC. Without him, Tesla will start to trade like a car company, at a discount to current levels, he said. Tesla's path forward in the stock market is now in the hands of its shareholders as they vote on CEO Elon Musk's $47 billion compensation package, says investor Roger McNamee.If the pay deal doesn't get approved, it could likely cost the company Musk's leadership, he said in a CNBC interview."It's a test of Tesla as a meme stock, because if Musk is no longer viewed as central to the story going forward, then I think Tesla starts to trade like a car company, as opposed to an extension of Elon Musk," the Elevation Partners co-founder said.The sentiment echoes prior criticism Tesla has faced, with short-sellers like Jim Chanos nicknaming it a "hopes and dreams" stock: its success built more on a fascination with Musk, and not based in fundamentals.It's the latest hurdle for the electric-vehicle maker, which has seen shares tank close to 40% this year, and who just announced new layoffs.

More Business News

House committee hearing disrupted as Marjorie Taylor Greene and AOC clash over 'fake eyelashes' jibe
Business Insider, Friday - 05/17/2024 - 10:52 AM
Alexandria Ocasio-Cortez (L), Marjorie Taylor Greene (R)Getty ImagesHouse committee hearing disrupted as Rep. Taylor Greene and Rep. Ocasio-Cortez clashed. Greene criticized Jasmine Crockett's appearance, prompting AOC to demand her words be struck. The dispute began during a vote to hold Attorney General Garland in contempt of Congress. A House Oversight Committee was disrupted on Thursday evening when Reps.
More | Talk | Read It Later | Share
World's No. 1 golfer Scottie Scheffler arrested outside major tournament hours before tee time
Business Insider, Friday - 05/17/2024 - 10:37 AM
Scottie Scheffler, the world's top-ranked golfer, was detained and booked early Friday morning. Patrick Smith/Getty ImagesThe world's No. 1 golfer was detained by police just outside the PGA Championship. Reports say Scottie Scheffler tried to drive around police into the golf station. He was handcuffed and booked in jail hours before tee time.
More | Talk | Read It Later | Share
12 swaps everyone should make in their living room, according to an interior designer
Business Insider, Friday - 05/17/2024 - 10:37 AM
A few simple changes can instantly update a living room. CreativaStudio/Getty Images Interior designer Jade Joyner, cofounder of Metal + Petal, shared her best interior-design swaps. To upgrade a living room, she recommended replacing mismatched throws with coordinating blankets. She also suggested occasionally switching up your living room layout to keep things fresh.
More | Talk | Read It Later | Share
This US region is seeing the biggest rent declines as owners struggle to fill vacancies, Redfin says
Business Insider, Friday - 05/17/2024 - 10:36 AM
Austin, TexasBrandon Bell Metros in the Sun Belt are notching the steepest rent declines in the country, Redfin reported. The pandemic-era demand that led to accelerated construction has since subsided, leading to more vacancies. These declines are happening as rent rises nationwide. The country's steepest rent declines are happening in metro areas across the Sun Belt as pandemic-era demand spikes subside, Redfin reported Friday.
More | Talk | Read It Later | Share
I drove a $50,000 Subaru Ascent SUV. These were my 14 favorite features.
Business Insider, Friday - 05/17/2024 - 10:33 AM
Our 2024 Subaru Ascent Touring test car in Dark Mahogany PearlBenjamin Zhang/Business InsiderThe Subaru Ascent is a midsize, all-wheel-drive, three-row family SUV. I recently reviewed a $50,000 2024 Subaru Ascent in the Touring trim. I loved the Subaru Ascent's powerful engine, Symmetrical AWD system, and EyeSight safety system. Competition is fierce among carmakers for family SUV sales.
More | Talk | Read It Later | Share
A man convinced me to leave my career and become a housewife. We split 15 years ago, and I still regret quitting.
Business Insider, Friday - 05/17/2024 - 10:22 AM
The author quit her job to become a housewife and stay-at-home mom and regrets it.www.natasha-lebedinskaya.com/Getty ImagesI was a single mom when I met who would become my husband. We met at our job and when we started dating he made me quit my job and become a housewife. It's been 15 years since we got divorce and I'm still making up for leaving my job and school.
More | Talk | Read It Later | Share

Elon Musk's Pay-deal Vote Is The Ultimate 'meme Stock' Test For Tesla, Investor Says

MoviesWithButter : Our Sister Site

More Business News

Elon Musk's Pay-deal Vote Is The Ultimate 'meme Stock' Test For Tesla, Investor Says

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News