Tesla Shares Slide as Investors Weigh Musk’s Compensation Against Ambitious Growth Plans

Tesla’s stock experienced significant downward pressure last Friday, declining nearly 5% despite shareholders overwhelmingly approving Elon Musk’s controversial compensation package. The market reaction came as investors digested the implications of the massive payout while simultaneously evaluating the CEO’s ambitious new strategic initiatives involving semiconductor manufacturing and autonomous vehicle networks.

During Tesla’s annual meeting on Thursday, November 6, investors delivered a decisive verdict with over 75% endorsing the CEO’s compensation plan. While this represented a strong vote of confidence in Musk’s leadership, financial markets responded differently. The equity opened weaker on Friday and continued to face selling pressure throughout the trading session.

Market participants appear concerned about Read more...