Dan Ives reiterated "Outperform” rating and TP $275 on Tesla stock
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported that Wedbush Securities analyst Dan Ives stated in a note on Thursday that he believes Tesla’s proposed ratification of CEO Elon Musk’s 2018 compensation plan would be overwhelmingly approved by the electric vehicle maker’s shareholders. The ratification of Musk’s 2018 pay package, Ives noted, should lift one of the persistent overhangs on Tesla stock.
He reiterated his “Outperform” rating on Tesla stock. His price target for the electric vehicle maker is $275 per share.
My Take: You can read the reasons why we should vote FOR the proposals - ratification of EM's 2018 pay package and redomestication of Tesla from Delaware to Texas. Here is the link:
There are about 42% votes from retail investors hence how we vote can affect the outcome. Today (12 June 2024) is the last day of voting and the result will be announced on the Tesla Shareholders Meeting the next day (13 June 2024) 3:30 pm CT. The worst case is the 2 proposals are voted down. The stock may plummet because Tesla's CEO may resign and Delaware Court can intervene in shareholders' voting results if a small group is unhappy which I think is wrong.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP : You can watch the Tesla Shareholder Meeting live at Moomoo on June 14, 4:30 am.
Moo Live :Tesla's Annual Shareholder Meeting on June 13 will be a pivotal moment, determining whethe...
https://www.moomoo.com/community/feed/112574575478361?share_code=013ACv
Dramericanjesus : Dan Ives is full of shit and should be fired.
ZnWCOP Dramericanjesus: Your anger can't change anything. Dan Ives notes and his ratings are published everywhere, read by millions.