Most Wall Street analysts remained divided on Tesla 's future after the electric vehicle maker's shareholders voted to pass CEO Elon Musk's nearly $1 trillion pay plan. The pay plan, introduced in September, garnered 75% support among voting shares. Results were announced at the company's annual shareholders meeting on Thursday in Austin, Texas. Specifically, the pay package consists of 12 tranches of shares that Musk would be granted if Tesla hits certain milestones over the next decade. It would also increase Musk's ownership and voting power in the company. Analysts highlighted pros and cons from the passage. On the former, they noted that it likely ensures Musk stays as Tesla's chief exec. On the latter, however, they raised questions over how Musk will execute to reach the lofty goals
Tesla shareholders passed Elon Musk's $1 trillion package. What analysts are saying
CNBC Investing5 hrs ago
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