Tesla chair Robyn Denholm said the carmaker need to climb “Mount Everest” as it faces shareholder votes on relocating to Texas and Elon Musk’s $56B pay deal, Stephen Morris and Tabby Kinder of The Financial Times reports. Tesla’s board is trying to prove investors support the pay deal that a Delaware court struck down in January and, in the aftermath of the ruling, Musk vowed to leave the state and move Tesla’s incorporation to Texas. “We’re very early days of the campaign and we will be meeting all the way through to the day of the vote,” Denholm told the Financial Times.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- QQQ ETF Update, 5/20/2024
- Why Is Ferrari Stock (NYSE:RACE) Outperforming the Luxury Goods Sector?
- Dell won ‘large portion’ of Tesla’s AI server buildout, says Evercore ISI
- Bridgewater Buys Magnificent Seven Stocks (Not Tesla) in Bulk
- Tesla to face lawsuit over misleading consumers on self-driving, Bloomberg says