- Reuters
Some Nordic retail brokers allow clients to vote at Tesla AGM
Some Nordic retail brokerages are allowing clients to vote at Tesla's annual general meeting (AGM) this week, departing from their regular practice, after significant interest from investors and online comments from CEO Elon Musk. The June 13 AGM is shaping up as a referendum on Musk's leadership, after a judge invalidated the CEO's $56 billion pay package in January, calling it an unfathomable sum. As major shareholders appear divided over whether to endorse the package, Tesla is seeking support from retail investors who, excluding Musk and his brother, make up 48% of the ownership, an unusually high percentage, according to Bernstein.
- Investor's Business Daily
Tesla's Annual Meeting Is This Week. Is Tesla Stock A Buy Or A Sell?
Tesla stock has retreated around 30% in 2024 as analysts focus on the upcoming shareholder meeting and Elon Musk's 2018 pay package.
- Investor's Business Daily
Is Rivian Stock A Buy Or A Sell As CEO RJ Scaringe Unloads 70,000 Shares?
Rivian Automotive is looking to challenge Tesla, Ford and General Motors with its adventure-styled electric vehicles. Chief Executive RJ Scaringe on June 10 sold 71,429 RIVN shares for a market value of $820,883.50, according to regulatory filings. Rivian stock jumped 3% to 11.87 on June 10, and is up 8.7% on the month as of June 11.
