Tesla Jumps 2% as Shareholders Approve $1 Trillion Pay Package for Musk; Intel Gains 3% on Potential Tesla Partnership
Tesla shareholders approved a $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader.
More than 75% of the votes cast were in favor of the unprecedented pay plan, the company said Thursday at its annual meeting. The outcome caps a weekslong campaign by the electric vehicle maker’s board, its CEO and prominent retail investors to build support.
Tesla shares gained 2.1% in premarket trading on Friday.
Meanwhile, Elon Musk on Thursday said Tesla probably will have to build "a gigantic chip fab" to make artificial intelligence chips and publicly mused the EV maker could work with Intel.
Tesla is designing its fifth-generation AI chip to power its autonomous ambitions, and Musk at the company's annual meeting laid out potential manufacturing plans.
Intel shares gained 2.7% in premarket trading on Friday.
Related Articles
Bitcoin Cash Unveiled: Why Did BCH Price Surpass BTC? Can it Soar to $1,000 in the Future?
Bitcoin Cash (BCH) is poised for a 2025 resurgence, fueled by marginal fundamental improvements, market rotation, and speculative interest. Significant whale capital inflows are also expected to drive this rally. However, while BCH may outperform Bitcoin (BTC) in the near term, a sustained breakthro
After the Crypto Crash, Is an Altcoin Season Looming Post-Liquidation?
TradingKey - The crypto market remains unsettled two months after the October 10 liquidation wave, one of its largest ever. Bitcoin's price has erased all its year-to-date gains, quieting predictions of a 2025 bull run. Amid Bitcoin's struggles and weakening year-end liquidity, calls for an altcoin
Bubble Burst? MSTR: A Liquidity Crisis More Brutal Than Bitcoin’s Crash
MSTR stock crash analysis: Premium bubble burst and convertible debt mechanics drove losses beyond BTC's drop. Examines MSTR's debt defense and concludes it's a valuation reset, not a crisis.
Rivian Stock Analysis: Q3 Earnings Exceed Expectations – Is Now the Time to Buy RIVN Stock?
Is Rivian still a good investment now? Can Rivian's stock reclaim its previous highs?
Why Did Strategy's Stock Price Plummet? Can MSTR Reach $1,000?
MicroStrategy (MSTR) stock, despite pressures from Bitcoin volatility and its weak core business, represents the most leveraged investment in a Bitcoin bull market. The company's stock path to $1,000 largely depends on Bitcoin's market performance. Major institutions, including Standard Chartered an
