[Moo Brief] Tesla surges over 2% as Musk wins $56 billion package: Ready for the AI EV era?

$Tesla(TSLA.US)$'s recent shareholder meeting was a resounding success, with the approval of Elon Musk's $56 billion compensation plan and the proposal to move the company to Texas. These decisions indicate that Musk has solidified his management position at $Tesla(TSLA.US)$ and the company is poised to make even greater strides in AI innovation moving forward.

As of the June 13 close, Tesla's stock had risen by 2.92% to $182.47. On Wednesday, Cathie Wood and her Ark Invest company raised their target price for $Tesla(TSLA.US)$ stock to $2,600 by 2029.

Low price & AI innovation moving forward

Low price and AI innovation were the main themes of $Tesla(TSLA.US)$'s future, with Musk proposing at the meeting that $Tesla(TSLA.US)$ must be affordable for the majority and may launch a low-priced version of $Tesla(TSLA.US)$ in 2025.

In addition to accelerating the production of Cybertruck and semi-trailer truck Semi, $Tesla(TSLA.US)$ will also release new products, including RobotTaxi, small electric commercial vehicles, and electric trucks in the future. This is expected to lead to more efficient use of $Tesla(TSLA.US)$ robots Optimus. Musk imagines that $Tesla(TSLA.US)$'s electric cars will enable drivers to make money through remote autonomous driving and promote commercialization.

JPMorgan Asset Management predicts that the robust performance of U.S. stocks during the first half of 2024 will persist throughout the second half of the year. As an investor, are you looking forward to $Tesla(TSLA.US)$'s vision of AI EVs? Are you satisfied with the results of this shareholders' meeting? Feel free to share your thoughts below!