Musk's $56B pay package likely to win 'overwhelming' support, Wedbush says
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Bernstein SocGen Group on Tesla (TSLA): 'Will Elon get his $56B? It doesn't look likely...'
June 10, 2024 4:11 AM EDTBernstein SocGen Group analyst Toni Sacconaghi reiterated an Underperform rating and $120.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "We believe that Elon Musks $56B pay package is unlikely to pass the shareholder vote. We note that ~25% of eligible voting shares are held by either passives, who are likely to follow the no recommendation of ISS/Glass Lewis, or institutionals who have publicly announced their... More
