'Don't fire Steve Jobs': Tesla analysts react to approval of Elon Musk's pay package
What significant phrase did DataTrek's Nick Colas use to illustrate the importance of retaining visionary leaders like Elon Musk?
DataTrek's Nick Colas used the phrase "Don't fire Steve Jobs" to illustrate the importance of retaining visionary leaders like Elon Musk. He emphasized that when someone truly brilliant comes along and chooses to run a company, any sensible investor must do everything in their power to keep them.
What was the outcome of the shareholder vote on Elon Musk's pay package, and what percentage approved it?
The outcome of the shareholder vote on Elon Musk's pay package was that it was approved. About 72% of votes cast by shareholders (excluding Musk and his brother Kimbal) were in favor of the $56 billion compensation package. This shows strong support for Musk's leadership and is seen as an incentive for him to keep his focus on Tesla.
How did Tesla's stock react immediately after the shareholders approved Elon Musk's compensation plan?
Tesla's stock reacted positively immediately after the shareholders approved Elon Musk's compensation plan. The company's shares surged the day before the announcement, and after the votes were announced, Tesla's shares closed up nearly 3%. This indicates that investors had confidence in the approval of the compensation plan and the continued leadership of Elon Musk at Tesla.