Let Tesla Shareholders decide How To Vote for CEO's Pay Package and other proposals
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ I selected the 2 articles for those who wish to read the details and not just looking at the headline. See the link given. Here are the summary of what Electrek and Yahoo Finance reported :
Electrek:
Tesla has now disclosed that it is spending money to promote its shareholders vote to approve of Elon Musk’s $55 billion compensation package. Electrek’s Take: Tesla’s board is clearly getting nervous about the vote. It’s pretty funny that Tesla’s board, which got Elon’s compensation package invalidated after a judge found governance issues, is now approving spending Tesla’s money on an Elon-owned platform to try to influence a vote that would send even more money into Elon’s pockets.
Yahoo Finance:
Now it looks like Musk is no longer as skeptical of marketing after his company revealed on Monday in an SEC filing that Tesla had paid for advertisements and promoted posts—including on the Musk-owned social media network X. But these ads are not aimed at promoting actual Tesla products, even though they could use the help quarterly vehicle sales dropped year-on-year for the first time since the pandemic. Instead, these advertisements which also appeared on Google benefit Musk first and foremost. They aim to ensure shareholders support Tesla's move to reincorporate in Texas and ratify Musk's record pay package from 2018.
1) The ads mentioned above were revealed in the SEC filings which I have not seen nor quoted by anyone in Google before. The main purpose of the ads is to encourage all shareholders to vote. It wasn't meant to influence how they vote. See screenshots on what Sawyer Merritt reported.
2) The articles imply that Tesla is wasting money on such ads. Personally I think it is up to the shareholders to decide if it has value and the articles are trying to paint a bad image and influence the vote negatively. There seems to be 2 opposing responses - one that continues to support the proposal and the other against.
3) It's a good thing to encourage more shareholders to vote especially those who bought Tesla using custodian brokers. The ads and other publicity made us aware that shareholders who bought from platforms like Moomoo can actually perform e-vote - made our voice heard.
4) Tesla's shareholders know how to vote that will benefit them most and not easily manipulated by anti-Tesla remarks (someone frequently make). We are also unable to verify if such remarks were made by genuine shareholders. Despite all the biased negative reports against EM, shareholders overwhelmingly voted to approve him as CEO in the last shareholders meeting.
5) Whatever the result of the vote about EM pay package or any proposals, I am sure Tesla stock will not be affected in the longer run. This is because the fundamentals of the company remain healthy and positive.
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
2471Followers
88Following
10KVisitors
Follow
量子狄拉克 : Wrong posting. Should post on the Tesla forum.
ZnWCOP 量子狄拉克: Tesla is the leader in EV industry. The company will affect other EV stocks.
量子狄拉克 ZnWCOP: let c how much it can grow in the coming one year. If it didn't meet expectations n no new " story" to tell, <100 is quite easy.
ZnWCOP 量子狄拉克: You were like "someone" I mentioned above. It is up to the shareholders to decide not you.
量子狄拉克 : wrong. shareholders could not decide share price. it is the market to decide. the only factor which market looks at is growth. If it cannot grow or grow slower, the market will respond to that. this is the only rule of this trading game. I didn't predict share price, I only observe n buy if the chart told me so.
ZnWCOP : @量子狄拉克 Again you misunderstood the company so badly . All you see is the ticker and $$ hence your comment is always shallow and your view myopic.
If you so disagree with me, you can choose to skip my post. Do learn to accept opposing views.
量子狄拉克 ZnWCOP: trading is to make money. I don't know if it can bring otherwise. I only look at the chart. obvious weekly lower low lower high. same thing on daily n hourly chart. recent gap was closed. there is still one more gap to be closed near to bottom. this is the fact of the market response. I don't know the way you trade.
ZnWCOP 量子狄拉克: From your comments, you neither use FA nor TA. Your understanding of the company is almost zero. Just assume you look at (other people) charts, the analysis is full of confirmation bias. To be honest, your trade is no different from "gambling".
You can disagree with me but learn to accept opposing views.
ZnWCOP : This video explained one of the outcome if EM pay package is not approved.
YT to explain Tesla Robotaxi, FSD and Musk's Compensation Package Vote
https://www.moomoo.com/community/feed/112496952475654?share_code=011r1G