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☆ Why it may be hard for the Delaware judge to ignore the mandate of Tesla stockholders
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy it may be hard for the Delaware judge to ignore the mandate of Tesla stockholdersEric Talley, law professor at Columbia University, discusses the next steps for Tesla after shareholders re-approved CEO Elon Musk's multi-billion dollar pay package.

Persons: Eric Talley, Elon Musk's Organizations: Columbia University Locations: Delaware

☆ Elon Musk talks Tesla's $30 trillion future, Trump the Cybertruck fan, and robot buddies at annual meeting
▼ + stars: | 2024-06-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Elon Musk said Tesla could be worth $30 trillion one day, and Donald Trump is a Cybertruck fan. Here's a roundup of Musk's 12 best quotes from the EV maker's annual meeting on Thursday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk proclaimed that Tesla could be worth $30 trillion, compared cost cutting to washing the dishes, and revealed Donald Trump calls him randomly and loves the Cybertruck. Musk thanked shareholders for approving his controversial $56 billion pay package, and suggested Tesla could emulate Amazon's cloud-computing business.

Persons: Elon Musk, Tesla, Donald Trump, Here's, —, Musk Organizations: EV, Service, Business Locations: Austin

☆ It's all roses and rainbows today in Austin, one Tesla analyst says of Musk's mega payday vote
▼ + stars: | 2024-06-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Tesla's shareholders approved Elon Musk's $55 billion pay package and the company's move to Texas. Wedbush analyst Dan Ives called the result a "pop the champagne moment" for Tesla investors. AdvertisementAt least one analyst is extremely optimistic about how Tesla's shareholders voted. Wedbush Securities analyst Dan Ives called Tesla chief Elon Musk's victory a "pop the champagne moment" for investors in a note on Thursday. The Tesla vote focused on two main issues: the company's move from Delaware to Texas, and approval of Musk's $55 billion pay package, which was largely seen as a referendum on his leadership.

Persons: Dan Ives, Ives, —, Elon Musk's Organizations: Elon Musk's, Service, Wedbush Securities, Tesla, EV, Business Locations: Texas, Delaware

☆ Tesla stock could soar 90% now that Elon Musk's pay package 'soap opera' is over, Wedbush says
▼ + stars: | 2024-06-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Elon Musk's pay package approval removes a burden on Tesla's stock, Wedbush Securities said. AdvertisementTesla shares are on track to race higher with the firm's pay package dispute finally out of the way, Wedbush Securities wrote. With CEO Elon Musk approved to receive his $46 billion compensation package, the stock is at last unshackled from the uncertainty surrounding the compensation sage. "Tesla is Musk and Musk is Tesla....shareholders spoke loudly today." Tesla's robotaxi day in early August is the next potential catalyst for the stock, Ives.

Persons: Elon, Tesla, Dan Ives, —, Elon Musk, Musk, Ives, he's, Tesla's Organizations: Wedbush Securities, Service, didn't, Tesla Locations: Delaware

☆ CNBC Daily Open: Mega money Musk
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange in New York City, U.S., July 12, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury slipped after the producer price index unexpectedly fell. Reasonable debtJanet Yellen, U.S. Treasury Secretary, said the ballooning national debt that's currently at $34.7 trillion is manageable.

Persons: Elon, Judge Kathaleen McCormick, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Dow Jones, Donald Trump, Tim Cook, Jamie Dimon, BofA Organizations: New York Stock Exchange, CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, Trump, Business, Capitol, Apple, JPMorgan Chase, Chipmaker Broadcom, Bank of America Locations: New York City, U.S, Delaware, Washington

☆ Elon Musk says Donald Trump calls him up out of the blue
▼ + stars: | 2024-06-14 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Elon Musk says former President Donald Trump sometimes calls him up out of the blue. The apparent Musk-Trump phone calls are in line with a burgeoning chumminess between the two men. AdvertisementElon Musk may be influencing Donald Trump's stance on electric vehicles during random phone calls between the Tesla CEO and former president. Musk suggested as much during Tesla's annual shareholder meeting on Thursday after investors voted to reinstate his multibillion-dollar pay package. During a question-and-answer segment of the meeting, Musk was asked about the 2024 Republican presumptive nominee.

Persons: Elon Musk, Donald Trump, —, Elon, Donald Trump's, Musk Organizations: Trump, Service, Business

☆ The cult of Elon Musk was on full display at Tesla's shareholder vote
▼ + stars: | 2024-06-14 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Tesla's cult-like following was on full display at its annual shareholder meeting on Thursday. Fans wore "Cybertruck" shirts, signed shareholder banners, and cheered throughout the event. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's no secret that Elon Musk has a cult-like following — and that was on full display at Tesla's annual shareholder meeting on Thursday. Musk successfully mobilized his fanbase to help push through his $55 billion pay package, and some of Tesla's biggest supporters scored invites to the annual meeting.

Persons: —, Elon Musk, Musk, Tesla Organizations: Service, Business Locations: Delaware, Texas

☆ Saudi Arabia looking to China for a lifeline for its futuristic city could mean trouble for the US
▼ + stars: | 2024-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Saudi Arabia is courting Chinese investors for help with its massive, futuristic city facing financial issues. NeomSaudi Arabia's dreams of a futuristic city are turning into a financial nightmare, and one of its solutions could spell trouble for the US. Since 2017, the Kingdom has touted big plans for the desert megacity Neom . AdvertisementThe city plans to heavily use renewable energy, a key area of focus for China as it digs itself out of its economic hole . But a soft real estate market and a trail of angry business partners and customers are threatening to thwart his big plans .

Persons: —, Prince Mohammed bin Salman's, Neom's, hasn't, Tom Porter, Prince, Aaron Weiner's, Weiner, Justin Sullivan, it's, they'd, Tyler Le, Giovanna Ventola, Michael Shvo, Shvo, Tesla, Jose Uribe, Sen, Bob Menendez, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, UEFA, Business, Neom, US, International Monetary Fund, Bank of America, Apple, Apple Intelligence, OpenAI, Amazon, Bonnaroo Music, Arts Festival, Post Malone Locations: Saudi Arabia, Neom, Saudi, Kingdom, China, Gaza, New York, London

☆ Musk’s Tesla Pay Package Got Big Margin in Shareholder Vote
▼ + stars: | 2024-06-14 | by ( Jason Karaian | ) www.nytimes.com time to read: 1 min

Tesla shareholders decisively backed proposals to affirm Elon Musk’s multibillion-dollar pay package, according to details of the vote released on Friday. Passage of the proposals was announced at Tesla’s annual shareholder meeting on Thursday, without the underlying totals. In the end, about 72 percent of voting shares backed the pay package, excluding stock owned by Mr. Musk and his brother, Kimbal. For months, many Tesla investors have worried about how engaged Elon Musk would be in running the electric car company, after a judge in Delaware voided his pay package. At Thursday’s closing price, the shares are worth about $48 billion.

Persons: Elon Musk’s, Musk, Elon Organizations: Mr Locations: Delaware

☆ CNBC Daily Open: Mega money Musk, Kitty's stake grows
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chipmaker Broadcom soared after it delivered better-than-expected second-quarter earnings and announced a 10-for-1 stock split. Mainland China's CSI 300 index fell 0.4%, while South Korea's Kospi rose 0.3%. Broadcom's shares soared 13% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.

Persons: Elon, Musk, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Kitty, Keith Gill, Gill, Australia's, BofA Organizations: CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, GameStop, Trade, Nikkei, Bank of Japan's, U.S, China's CSI, Chipmaker Broadcom, Bank of America Locations: U.S, Delaware, Japan, South

☆ Tesla shareholders restore CEO Elon Musk's pay: More legal battles to come?
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shareholders restore CEO Elon Musk's pay: More legal battles to come? Former SEC Chairman Jay Clayton joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to restore CEO Elon Musk's pay package, how the result could impact the judge's ruling in Delaware, what's next for Tesla, and more.

Persons: Elon Musk's, Jay Clayton, what's Organizations: SEC, Tesla Locations: Delaware

☆ Amalgamated Bank's Frishberg: Bullish on Tesla's sustainability, but concerned about governance
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmalgamated Bank's Frishberg: Bullish on Tesla's sustainability, but concerned about governanceIvan Frishberg, Amalgamated Bank chief sustainability officer and long-time Tesla investor, joins 'Money Movers' to discuss what Elon Musk's pay package approval says about his shareholder base, if Tesla's a discretionary own, and more.

Persons: Ivan Frishberg Organizations: Amalgamated, Amalgamated Bank, Elon

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more
▼ + stars: | 2024-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .

Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China

☆ Elon Musk now needs to prove Tesla is his real priority
▼ + stars: | 2024-06-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Tesla shareholders voted in favor of his huge pay package on Thursday. He'll now have to prove Tesla is his top priority if he wants them to keep backing him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe people have given Elon Musk what he wants. On Thursday, the billionaire jumped for joy at Tesla's annual meeting in Austin as the outcome of a high-stakes, long-anticipated vote went entirely in his favor — thanks to his people.

Persons: Elon Musk, He'll, Tesla, —, Elon, They'll Organizations: Service, Business Locations: Austin, Delaware, —, Texas

☆ How Tesla Shareholders Upheld Elon Musk’s Sky-High Pay
▼ + stars: | 2024-06-14 | by ( Lily Boyce | Jason Karaian | ) www.nytimes.com time to read: +5 min

How Tesla Shareholders Upheld Elon Musk’s Sky-High PayTesla shareholders on Thursday voted to reaffirm a roughly $48 billion compensation package for Elon Musk, which was originally approved in 2018 and was nullified by a judge early this year. Mr. Musk’s pay package helped him become one of the richest people in the world. Thursday’s vote arose from a court case in Delaware, where the company is incorporated, that voided Mr. Musk’s pay package. California Public Employees’ Retirement System, or CalPERS, the largest pension fund in the United States, also opposed the pay package. The debate about Mr. Musk’s compensation raised questions about the limits of executive compensation and the accountability of Silicon Valley billionaires whose wealth gives them vast influence.

Persons: Elon Musk, Elon, Kimbal, Tesla, Musk, Eli Lilly, Nvidia Berkshire Hathaway Apple Tesla, Bernstein Organizations: Tesla, Elon, Sky, The New York, Mr, Norges Bank Investment Management, California Public, Broadcom, Chase Amazon, Nvidia Berkshire, The New York Times, Silicon, SpaceX, Fortune Locations: Delaware, United States, Texas, Austin

☆ A bullish way to trade Tesla using options now that Musk pay controversy is in rearview mirror
▼ + stars: | 2024-06-14 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

Elon Musk kicked off the Tesla (TSLA) annual meeting thanking shareholders on Thursday. I want to express a bullish view now that this issue is in the rearview mirror for Tesla. TSLA YTD mountain Tesla, YTD Tesla has been an emotionally charged stock as Elon continues to run several companies and be involved in several more. The $56 billion pay package first approved in 2018 being reneged on Musk raised doubts about his future with Tesla this year. DISCLOSURES: (Long Tesla and this call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Elon Musk, TSLA, Elon Musk's, Tesla, Cathie, Musk Organizations: Elon Locations: Delaware, Texas

☆ Trump's attempt to rally Gen Z continues — with Logan Paul
▼ + stars: | 2024-06-14 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Trump's out to charm Gen Z, and that demographic might already be souring on BidenFreshly convicted of 34 charges of falsifying business records, the presumptive Republican presidential nominee seems to have a new campaign strategy — appealing to younger Gen Z voters. Appealing to Gen Z could work for Trump, especially if one accounts for the "Trump amnesia" effect among Gen Zers. Now aged between 12 and 27 — some Gen Zers may have been too young during his presidency to be politically in tune with Trump-era policies. And Gen Zers who vocally backed Biden during his 2020 run may also be souring on him in 2024. Representatives of Trump, Paul, and Biden didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Logan Paul, Donald Trump, Trump, Paul, Mike Majlak, Putin, Elon Musk, MAGA Organizations: Service, Tesla, Business, Trump Locations: Russian

☆ There's a 'long legal road ahead' in restoring Elon Musk's Tesla pay package: Tulane’s Ann Lipton
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a 'long legal road ahead' in restoring Elon Musk's Tesla pay package: Tulane’s Ann LiptonAnn Lipton, Tulane University associate professor in business law and entrepreneurship, joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to restore CEO Elon Musk's pay package, how the result could impact the judge's ruling in Delaware, what's next for Tesla, and more.

Persons: Tesla, Tulane’s Ann Lipton Ann Lipton, Elon Musk's, what's Organizations: Tulane University, Tesla Locations: Elon, Delaware

☆ Elon Musk has been spotted wearing Cybertruck shoes. Here's how you can get a similar pair.
▼ + stars: | 2024-06-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

The Tesla CEO has been seen multiple times wearing black shoes with the word "Cybertruck" on them. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk has been hyping up Tesla's angular pickup Cybertruck for a while now. The Tesla CEO has been sporting new go-to footwear lately: a pair of sneakers bearing the word "Cybertruck" on them. He was seen wearing them in December in Rome at a meeting organized by the right-wing Italian political party Brothers of Italy.

Persons: Elon Musk, —, he's Organizations: Service, Business Locations: Rome, Italy

4:35Americans Love to Shop Online. 0:59‘Lack of Further Progress’ on Inflation Keeps Interest Rates High0:59Fed Wants More ‘Good Data’ Before Cutting Interest Rates, Powell Says0:26Boeing Cargo Plane Makes Emergency Landing in Miami1:00PGA Tour Boss Describes What Led to His Medical Leave of Absence1:55Elon Musk Apologizes for Endorsing Antisemitic Conspiracy Theory1:51Disney C.E.O. Denies Plan to Sell TV Business1:20David Zaslav Defends Unpopular Decisions at Warner Bros. Discovery1:37Harris Not Worried About Biden Trailing Trump in Key Polls0:53U.S. Will Take Years to Reach Chip Independence, Nvidia C.E.O. Says1:06McCarthy Says He Is Undecided on Whether to Seek Re-Election0:40

Persons: Powell, Elon Musk, David Zaslav, Harris, McCarthy Organizations: Boeing Cargo, Disney, Sell, Warner Bros, Biden, Trump, Chip Independence, Nvidia C.E.O Locations: Miami, Chip

☆ FullCycle Founder Ibrahim AlHusseini: I unenthusiastically voted 'yes' on Musk pay package
▼ + stars: | 2024-06-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFullCycle Founder Ibrahim AlHusseini: I unenthusiastically voted 'yes' on Musk pay packageIbrahim AlHusseini, FullCycle founder and early Tesla investor, joins 'Closing Bell Overtime' to talk Tesla's shareholder meeting and pay package vote.

Persons: Ibrahim AlHusseini

☆ Tesla shareholders approve CEO Musk's $56 billion pay package
▼ + stars: | 2024-06-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shareholders approve CEO Musk's $56 billion pay packageCNBC's Phil LeBeau joins 'Fast Money' with news that the contested pay package for Tesla CEO Elon Musk was approved.

Persons: Phil LeBeau, Elon Musk Organizations: Tesla

☆ Stock futures are little changed after S&P 500 posts fourth consecutive closing record: Live updates
▼ + stars: | 2024-06-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The Dow Jones and S&P both hit all time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue to rise. (Photo by Michael M. Santiago/Getty Images)Stock futures were little changed Thursday, following a fresh record close for the S&P 500 and strong quarterly results from Adobe . Stocks are coming off a winning session that saw the S&P 500 notch its fourth-straight record close. The S&P 500 and Nasdaq Composite are on pace to end the week higher. Wholesale inflation unexpectedly ticked down by 0.2% last month, while economists polled by Dow Jones expected the gauge to increase by 0.1%.

Persons: Dow Jones, Michael M, headwinds, Dow, Barbara Doran, CNBC's, Elon Musk Organizations: NEW, New York Stock Exchange, Getty, Adobe, Nasdaq, Dow Jones Industrial, Wall, Capital Locations: New York City

☆ Laffer Tengler CEO: Musk deserves Tesla pay package after delivering on benchmarks
▼ + stars: | 2024-06-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLaffer Tengler CEO: Musk deserves Tesla pay package after delivering on benchmarksNancy Tengler, Laffer Tengler Investments CIO and CEO, joins CNBC's 'The Exchange' to discuss Tesla's pay package vote, outlooks for the company, and more.

Persons: Musk, Nancy Tengler Organizations: Tengler

☆ Stock market today: US stocks climb as wholesale inflation data shows big cooldown in prices
▼ + stars: | 2024-06-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The producer price index slid 0.2% month over month against forecasts of a 0.1% decrease. Tesla stock jumped as Elon Musk said on X his pay package was headed for approval. AdvertisementUS stocks continued their rally to record highs on Thursday after investors took in another cooler-than-expected inflation print. In May, the producer price index slid 0.2% month over month against forecasts of a 0.1% decrease. Tesla stock jumped more than 6% as Elon Musk said on X that his $56 billion compensation package was headed for shareholder approval.

Persons: Stocks, Elon Musk, —, Clark, Bellwether, DealBook Organizations: Service, Bloomberg, PPI, Federal Reserve, Treasury, Vanguard, BlackRock, Here's

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