Reported 4 months ago
Tesla shares have fallen around 28% year-to-date as investors are concerned about CEO Elon Musk's involvement in AI technologies and a disputed $55.8 billion pay deal from 2018. Shareholders are set to vote on the package on June 13, but proxy service Glass Lewis has advised against it due to its size and dilutive effects. Musk's focus on AI technologies has led to concerns about his distractions from Tesla, especially as he seeks broader control to develop autonomous robotaxis. Musk's recent move to raise funds for his AI startup xAI could further test his commitment to Tesla, with shares currently trading 3% lower at $173.86.
Source: YAHOO