A bullish analyst on Thursday lauded the shareholder verdict on Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk's compensation package as a "pop the champagne moment" for the company and the billionaire.
The Tesla Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating and $275 price target for Tesla shares, implying scope for roughly 55% upside from current levels.
The Tesla Thesis
Removal Of Overhang: "Both the hot button 2018 Comp Package and Incorporation in Texas" have been overwhelmingly approved, Ives said, citing Musk's post on X overnight. He sees this as removing a $20-$30 overhang on the stock.
"We believe an overwhelming retail presence voting green light for both proposals was key to approval despite some large shareholders voting no," the analyst said. Citing his discussions over the past month, he said large shareholders also knew that voting against the proposal would potentially lead to Musk's eventual exit from Tesla.
What To Expect At Shareholder Meet: Ives said he expects Musk to address "keeping AI initiatives under the hood of Tesla" at the shareholder meeting. The board will likely strive to get Musk an incentive-driven 25% ownership of Tesla, he said, adding that this will likely resolve the "AI threat saga" that played out in the past few months.
Musk will likely recommit to a third five-year tenure at Tesla and touch upon the sub-$30K electric vehicles, autonomous initiatives and the upcoming Aug. 8 robotaxi event, Ives said.
"It's roses and rainbows today in Austin although demand challenges remain and this is pivotal period for Tesla and Musk to navigate this turbulent period to see improved demand, FSD success, and new model rollouts over the coming year," the analyst said.
"Tesla is Musk and Musk is Tesla....shareholders spoke loud."
Price Action: Tesla shares climbed 6.38% to $188.60 in premarket trading, according to Benzinga Pro data.
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周四看好特斯拉(NASDAQ:TSLA)股东对首席执行官伊隆·马斯克的薪酬方案做出的裁定,分析师称这是一家公司和亿万富翁的“庆祝时刻”
特斯拉分析师:Wedbush分析师Daniel Ives维持对特斯拉股票的outperform评级和275美元的目标价位,意味着目前股票价格还有大约55%的上涨空间。
特斯拉论文
消除不利因素:“2018年奖励计划”和“德克萨斯州公司收购”等都得到了压倒性的通过,Ives援引Musk的发帖称,这消除了股票20-30美元的不利因素。
分析师称:“尽管一些大股东投票否决,但我们认为压倒性的零售存在对两个提案投票赞成是关键因素。” 他称,通过这个提案,大股东也知道如果反对将可能导致马斯克最终退出特斯拉。
股东会上可期待的内容:Ives称,他预计马斯克在股东大会上将谈及“继续将人工智能计划置于特斯拉支持下”等问题,他称,董事会可能会努力使马斯克拥有25%的特斯拉股权。他还表示,这可能会解决过去几个月出现的“人工智能威胁的传言”。
Ives说,马斯克很可能会再次承诺在特斯拉履行第三个五年的任期,并谈及低于3万美元的电动汽车、自主技术计划和即将到来的8月8日机器人出租车计划。
分析师说:“尽管需求方面的挑战仍然存在,但在奥斯汀,今天是玫瑰和彩虹的一天,这是特斯拉和马斯克在艰难时期中引领公司走向成功的关键时期,在这一年中,我们期待公司和股东们可以迎来改善的需求和新的车型推出。"
“特斯拉就是马斯克,马斯克就是特斯拉……股东们高声宣布了这一点。”
根据Benzinga Pro的数据,特斯拉股票在盘前交易中上涨6.38%至188.60美元。
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