Previous close | 115.80 |
Open | 115.80 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 60.00 |
Expiry date | 2024-09-20 |
Day's range | 115.80 - 115.80 |
Contract range | N/A |
Volume | |
Open interest | 11 |
A group of Tesla shareholders are asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that it's not in the electric vehicle maker's best interest. Tesla is struggling with falling global sales, slowing electric vehicle demand, an aging model lineup and a stock price that has tumbled 30% this year. The shareholder group, which includes New York City Comptroller Brad Lander, SOC Investment Group and Amalgamated Bank, said in a letter to shareholders that ratification of Musk's pay package would do nothing to promote Tesla's long-term growth and stability.
The Tesla vote on Elon Musk's $56 billion compensation deal is underway as executives look to drum up retail investor support.
Tesla stock is angling lower, falling around 30% so far this year, but shares have rallied back following the EV giant's first-quarter earnings and revenue report on April 23. Tesla reported worse-than-expected first-quarter earnings and revenue late on April 23. Investors appeared not to care, sending TSLA shares jumping 12% the following day after Musk signaled "more affordable" new models are on the way.