...why is Tesla important again? Because what happens to Tesla indirectly affects US lithium stocks.
And only US lithium stocks influence our ASX lithium stocks, not Chinese lithium stocks.
...in a short 3 weeks time, Tesla would be voting for Elon Musk multi-billion pay package. This is a no win situation for Tesla stock. Because if shareholders approve it, there would be dilution as Musk would be issued with new shares, so we can only expect the stock to take a hit. Perhaps short term. But if they don't approve it, Musk may just walk and leave as CEO. And without Elon at the helm, the cult factor kaputs and could face a massive fall. It was after all the likes of Cathie Woods who placed him on the high pedestal, increasing her funds exposure to Tesla because of a cult faith in the man.
...if Tesla loses Musk, EV growth in the US could be expected to take a knock. In the US, it has been a Musk cult following that led to strong EV adoption.
...is it too much to believe that Musk could walk? We can only expect the unexpected from a volatile person who does things based on how he feels at the time.
TESLA SHAREHOLDER GROUP SLAMS ELON MUSK’S $56 BILLION PAY PACKAGE A coalition of Tesla Inc. shareholders is urging other investors to reject a $56 billion pay package for Chief Executive Officer Elon Musk at the company’s June 13 annual meeting, posing a threat to one of the world’s largest fortunes.
