Tesla's stock continues to face downward pressure following the recent approval of Elon Musk's controversial $1 триллион bonus plan. Based on the data provided in the document, investors are reacting cautiously to the implications of this massive compensation package.
Elon Musk's $1 Триллион Pay Package
Last week, during the Tesla shareholder meeting, Elon Musk was awarded a staggering $1 триллион pay package, contingent on the company meeting specific performance goals over the next decade. This plan not only includes 12 portions of shares but also increases Musk's voting power within the company, raising concerns among investors about governance and long-term strategy.
Tesla's Stock Price Reaction
As a result of the announcement, Tesla's stock price fell sharply, closing at just above $401 on Thursday, marking a 6% decline in a single day and a total drop of 10% for the week. Over the past month, the stock has plummeted by 78%, reflecting investor anxiety about the company's future amidst Musk's ambitious compensation plan.
Analysts' Perspectives
Despite the recent downturn, analysts like Dan Ives from Wedbush remain optimistic about Tesla's prospects, particularly in the realm of artificial intelligence and autonomous technology. Ives views the approval of Musk's pay package as a positive signal for Tesla's AI initiatives, maintaining an Outperform rating with a price target of $600.
Wall Street Consensus Rating
Currently, Wall Street analysts have a Hold consensus rating on Tesla, with
- 14 Buys
- 10 Holds
- 10 Sells
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