No Musk, no Tesla. If breaking contracts is the norm what structure is left for innovating and enterprise? Musk should follow Jobs way. Leave if package not approved. Focus on his other companies. Public company good for fund raising. Nightmare to manage.
Tesla Shareholder Group Calls for Vote Against Musk Pay Package
A group of Tesla shareholders which includes New York City Comptroller Brad Lander is calling for investors to vote against Elon Musk's $46 billion pay package.The group of shareholders wrote to other Tesla holders arguing that the electric-vehicle maker had governance issues. They said that the company's board was too close to Musk and had failed to properly evaluate the pay package.The letter calls for shareholders to reject the reelection of two directors, Kimbal Musk and James Murdoch, arguing that they have particularly close personal ties to Musk.Shareholders are set to vote on Musk's pay package and other proposals, including moving its incorporation to Texas, on June 13. Tesla's massive compensation package for Musk was originally proposed and approved in 2018, but was struck down by a Delaware court in January.Tesla has since re-proposed the pay package, which is currently valued at around $46 billion, in its proxy filing and has looked to convince shareholders to support the
$(S51.SI)$ Unable to break above trend line. Sellers will keep attacking if stay the course. Macro not helping either. But i believe pivot within next 6 months.
At least two Reddit insiders reportedly sold large numbers of the company’s shares soon after the initial public offering.A firm’s analysts envision RDDT stock dropping 50%.Investors should only maintain a very small position size, if any at all, in Reddit stock.I’m not denying that Reddit’s debut for public trading could still be 2024’s most important initial public offering. At the same time, it’s too risky to hold more than a few shares of RDDT stock. So, don’t go overboard and, as always, be sure to have an exit strategy in place.First things first: I’m not directly accusing Reddit’s management of perpetuating a pump-and-dump scheme. However, it’s quite interesting that at least two insiders dumped large quantities of Reddit shares soon after the company’s IPO.Furthermore, Hedgeye analyst Andrew Freedman almost seemed disgusted by the early hype surrounding the Reddit IPO.“The deal was oversubscribed, the float small, valuation range looked reasonable, and