Tesla Shareholders Meeting: Proposals 3 and 4 Approved Implication and Outlook

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ The article reported that Tesla General Counsel Brandon Ehrhart shared the results of the votes with those in person and viewing online:
* Five of the seven shareholder proposals were approved.
* Shareholders approved all company proposals including the re-classification of Tesla's corporate headquarters from Delaware from Texas.
* Shareholders approved the pay compensation package plan for CEO Elon Musk that was originally approved in 2018.
My Take:

1) There are many things announced during the shareholders meeting but I think the one that caused the Tesla share price to surge was the 2 proposals mentioned above. The stock closed at 184.27 up 3% as compared to the other M7 stocks which were down amid Fed announced that interest rate continues to pause and cut is not a priority.

2) Tesla skeptics (and haters) are quick to quote WSJ that the vote results will not change the Delaware Court decision to rescind EM's 2018 pay package. But the vote results showed that the majority of Tesla's shareholders disagree with what Delaware Court Judge Kathaleen McCormick said - "Musk improperly controlled the 2018 board process to negotiate it" and "Tesla failed to fully inform investors before they voted for it (in 2018)". They also don't buy what the proxy advisors (Glass Lexis and ISS) said that ratifying EM's 2018 pay package will "dilute the TSLA share".

3) Another outcome of the meeting is EM revealed many important things: 1,000 Optimus bots working in the factory next year, Tesla FSD no longer compute constraint, Tesla planning to produce Semi in volume, Tesla hardware HW5 will be released by end 2025, 200-300% growth YoY in Energy Storage by 2024, Tesla has 3 new products (EV models) coming, Tesla ramps up Cybertruck production to 1,300 units per week, Tesla Robotaxi is a matter of time etc. They will have a positive impact on the stock in the longer term.

4) Although l am optimistic about the future of Tesla , analysts (and the media) will put their focus on the Q2 delivery announcement in early July and Q2 earnings a month later. Many will also be curious about what will be unveiled about Robotaxi on 8 August. Do expect volatility in the share price which can go either way 📉 or 📈.

2. Dan Ives reiterated "Outperform” rating and TP $275 on Tesla stock

3. Why I voted FOR the proposal to ratify Elon Musk's 2018 Tesla Pay Package