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Tesla investors reapproving Musk's pay package puts the company on back on track, Wedbush said. The firm reiterated its $275 price target and suggested Tesla was set to hit a $1 trillion valuation. The stock could see a rebound as soon as the second half of this year, the analysts predicted. AdvertisementTesla looks poised to unveil some of its key AI and robotics projects soon, such as its full self-driving software and its Model 2.5. Tesla stock is down 27% this year.
Persons: reapproving, Wedbush, Tesla, , that's, Elon Organizations: Service, Wedbush Securities, Elon Musk's, Board, Teslas, EV Locations: China, 2H
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk's social media posts have a history of getting him into trouble — and Tesla's chair has admitted they sometimes catch her off guard, too. Robyn Denholm, the chair of Tesla's board, admitted to the Financial Times that she has had "tough conversations" with CEO Elon Musk over his social media posts and said that if she had her way, Twitter, now X, wouldn't exist. Denholm became Tesla's chair in 2018 after Musk stepped down following a settlement with the SEC over the billionaire's infamous "funding secured" tweet. AdvertisementTesla did not immediately respond to a request for comment made outside normal working hours.
Persons: , Robyn Denholm, Elon Musk, Denholm, Musk, you've, Tesla Organizations: Service, Elon, Financial Times, Twitter, Business, SEC, Wall Street Journal Locations: Delaware, Sydney
Read previewTesla is going all in on its efforts to push through approval of Elon Musk's $55 billion pay package. A screenshot of some of the paid ads Tesla ran in support of Musk's pay package proposal. SECThe company aims to pass two separate proposals, one moving its state of incorporation from Delaware to Texas and another reapproving Musk's pay, which was struck down by a Delaware judge earlier this year. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth. AdvertisementEarlier in May, Denholm even sat down for a video promoting the pay plan.
Persons: , Elon, Tesla, Kathleen St, J, McCormick, Musk, Robyn Denholm, Denholm Organizations: Service, Elon Musk's, Securities and Exchange Commission, Google, Business, SEC, Street Journal, Bloomberg Locations: Tesla, Delaware, Texas
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