There’s a lot going on right now with Tesla being a major concern…
- Regarding negotiations on compensation plans so that Elon Musk does not leave
- A Story About Vehicle Sales Performance And Margin
- Story of Artificial Intelligence Business
- When can I go to the moon?
And so on. There are a lot of hot picks
It’s a shame only Tesla was sidelined during this uptick, but quickly
I’ll pray that the stock price will rise again after the conflict is resolved
Wedbush’s Dan Ives urges the board to resolve the compensation dispute, saying, “It’s important for Musk to remain at Tesla by 2030.”
2/8/2024 10:28pm. Benzinga Newswire)
Renowned technology analyst Dan Ives has urged the company’s board to secure Tesla’s Elon Musk status in a new compensation package.
On Thursday, on X (earlier Twitter), Ives stressed that it was time to take action over the ongoing compensation dispute involving Tesla Inc TSLA’s Elon Musk.
Posting a clip from an interview with CNBC to X, Elon Musk suggested a new reward package should be offered by 2030 to ensure the company’s continued leadership role, particularly in artificial intelligence (AI) and full autonomous driving (FSD).
During the interview, Ives said, “Musk is the heart and lungs of Tesla. Tesla is Musk, Musk is Tesla.”
Ives also commented on Tesla moving its headquarters from Delaware to Texas and Musk holding 25% of shareholder voting rights. He noted that only if Tesla’s board takes these steps can artificial intelligence be kept inside.
“Ensuring Musk remains at Tesla through 2030 is an important point,” he added.
Why It Matters: Ives’ request for action came amid a tense atmosphere surrounding Tesla and Musk’s compensation plans.
The decision to nullify a Delaware court’s $56 billion stock compensation plan has spurred spirited investors and is now calling for a significant change in control at Tesla. The court ruling could reshape Tesla’s corporate governance structure, which could limit Musk’s influence.
These investors have argued for changes at Tesla’s annual shareholders meeting, such as the length of a second term for directors and thresholds for voting on new rules. But those efforts have so far not paid off.
In a recent note, Ives warned, “We think the Tesla story is the most negative we’ve seen so far as Musk and Tesla seem to be being attacked in all directions by bears over the past few years.”
Cathie Wood Backs Tesla, Says Robotaxi Will ‘Totally Change The Landscape’ Despite Sharp Drops, Ives Says ‘This Must Be Right’
2/72024 8:24pm. (Benzinga Newswire)
In the face of a major stock crash, Ark Invest CEO Carthy Wood is reiterating his bullish outlook for Tesla.
Wood reaffirmed his bullish stance on Tesla, attributing the recent stock drop to a cyclical low.
She expects recovery over the next two years by the introduction of autonomous taxi networks and platforms.
Despite a 25% drop in Tesla stock over the last five weeks and a disappointing performance, Wood sees the stock fall as a buy.
She believes the electric vehicle (EV) market will continue to grow and robo-taxi will revolutionize the industry.
Wood, a longtime Tesla supporter, is confident in the potential for increased adoption of EVs and growth driven by Tesla’s AI technology.
“We bought Tesla. There’s a lot of negative sentiment in the stock right now. We think electric vehicles will continue to expand their share over the next five years and we think they’ll actually take over the market. And beyond that, robo-taxi is going to change the landscape as a whole,” a major investor said on CNBC’s Last Call.
Wood’s confidence in Tesla is reflected in Ark Invest’s recent actions.
The company is steadily increasing its stake in Tesla and continues to buy even as the stock falls.
In January, the company bought $3.3 million worth of shares in the electric vehicle giant, boosting its confidence in the electric vehicle giant. The move comes at a time when Tesla is facing tough market conditions.
Sam Korus, research director in autonomous technology and robotics at Ark Invest, recently suggested Tesla’s launch of less than $30,000 electric vehicles could expand the company’s market access by tenfold.
Tesla Stock Stuck In “Grade 5 Hurricane” Due To Musk’s Compensation Plan: 3 Ways This Analyst Is Solving The Problem
2/8/2024 2:23pm. (Benzinga Newswire)
Here’s a major Tesla analyst who suggested the board come up with a new plan to improve the mood surrounding Tesla stock.
What Happened: Tesla has attracted a lot of bears over the years, said analyst Daniel Ives analyst in a new research note.
“We believe the Tesla story is a negative thing that we haven’t seen in years. Musk and Tesla are under attack from bears at every turn,” Ives said.
The analyst with an Outperform rating and a $315 price target said Tesla and Elon Musk have been attacked several times over the past decade for comments such as electric vehicles being a trend or Tesla being unable to change the auto industry.
“Coming to a radical story, this joint venture started with a no-holds-barred conference call, a no-holds-barred story that says the no-holds-barred conference is the last chapter in the story of Tesla’s short-lived growth.”
Ives noted that the 2018 compensation plan was annulled by a Delaware judge. It sparked a firestorm, which he says has brought fresh concerns to Tesla investors and the board.
“We can’t agree at all with the formation of a hyper-negative narrative about Tesla and creating a black cloud over the stock.”
Ives outlined three steps Tesla’s board can take to fix the “fifth-grade hurricane” that currently surrounds Tesla stock.
- Create a new compensation package to replace the 2018 plan annulled by a judge.
- Create a new compensation package with 25% of Tesla’s voting rights, as requested by Musk. Ask shareholders to vote on the new plan at the next shareholders’ meeting.
- Tesla is moving its headquarters from Delaware to Texas.
“In summary for Tesla, moving from Delaware to Texas is the only decision, which will address Musk’s compensation package and at the same time eliminate the uncertainty that Musk and his AI plans could move outside of Tesla.”
Why It Matters: Ives’ latest news comes after a group of 5,821 Tesla shareholders, representing 23,337,127 TSLA states, recently wrote to Tesla’s board in support of Musk and Tesla’s board.
The contents of the letter are summarized in three ways:
- Tesla’s Corporate Status Change From Delaware To Texas
- Exploring Options To Hold Musk’s 2018 Compensation Plan
- And designing a new plan with the same line as the 2018 compensation plan.
Shareholders are looking forward to a new compensation plan for Musk. The plan will include company goals to reach fully autonomous level 5 and company events such as launching Optimus robots.
Cathie Wood Backs Tesla, Says Robotaxi Will ‘Totally Change The Landscape’ Despite Sharp Drops, Ives Says ‘This Must Be Right’
2/72024 8:24pm. (Benzinga Newswire)
In the face of a major stock crash, Ark Invest CEO Carthy Wood is reiterating his bullish outlook for Tesla.
Wood reaffirmed his bullish stance on Tesla, attributing the recent stock drop to a cyclical low.
She expects recovery over the next two years by the introduction of autonomous taxi networks and platforms.
Despite a 25% drop in Tesla stock over the last five weeks and a disappointing performance, Wood sees the stock fall as a buy.
She believes the electric vehicle (EV) market will continue to grow and robo-taxi will revolutionize the industry.
Wood, a longtime Tesla supporter, is confident in the potential for increased adoption of EVs and growth driven by Tesla’s AI technology.
“We bought Tesla. There’s a lot of negative sentiment in the stock right now. We think electric vehicles will continue to expand their share over the next five years and we think they’ll actually take over the market. And beyond that, robo-taxi is going to change the landscape as a whole,” a major investor said on CNBC’s Last Call.
Wood’s confidence in Tesla is reflected in Ark Invest’s recent actions.
The company is steadily increasing its stake in Tesla and continues to buy even as the stock falls.
In January, the company bought $3.3 million worth of shares in the electric vehicle giant, boosting its confidence in the electric vehicle giant. The move comes at a time when Tesla is facing tough market conditions.
Sam Korus, research director in autonomous technology and robotics at Ark Invest, recently suggested Tesla’s launch of less than $30,000 electric vehicles could expand the company’s market access by tenfold.