Elon Musk: Tesla shareholders on track to approve pay and Texas move
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 13 June 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers today: TSLA, AVGO, and more
Apple is not paying OpenAI for ChatGPT deal - report
Appeals court vacates ruling banning Amazon from firing pro-union workers
Ships will not return to Red Sea 'anytime soon' even with ceasefire, Frontline CEO says
GameStop is holding its annual meeting. Does Ryan Cohen have a surprise ready?
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, June 13th. I'm Julie Morgan. |
| 0:12.7 | Tesla shareholders are casting their votes. |
| 0:15.5 | Meta platforms is reportedly getting rid of some senior execs, |
| 0:19.8 | and Terraform Labs is ordered to pay up. |
| 0:23.0 | Does Elon Musk have the votes? |
| 0:26.0 | Tesla is holding its highly anticipated annual meeting today. |
| 0:30.0 | Shareholders are voting on whether to approve the CEO's 56 billion dollar pay package |
| 0:35.6 | and the company's reincorporation to Texas from Delaware. |
| 0:39.6 | According to a post by Musk on X at 10.50 p.m. Wednesday, both Tesla shareholder resolutions |
| 0:46.5 | are currently passing by wide margins. The results of the annual shareholders meeting |
| 0:51.6 | will be announced later today. Shareholders of the E.V. Maker are voting on a proposal to ratify the CEO's 2018 56 billion dollar |
| 1:00.6 | pay package, which was voided by a Delaware judge earlier this year |
| 1:04.8 | after a slew of lawsuits and complaints from shareholders. The shareholders will |
| 1:09.5 | also vote on other proposals which include moving the company's legal |
| 1:13.7 | headquarters from Delaware to Texas after must criticize unfavorable |
| 1:18.6 | conditions in Delaware and the re-election of two board members, Kimball Musk and James Murdoch. |
| 1:25.0 | Earlier Musk said he would be uncomfortable growing Tesla into a robotics and AI leader |
| 1:31.0 | unless he owned at least 25% of its voting shares. |
| 1:36.4 | Meta Platform CEO Mark Zuckerberg looks to make his empire leaner by reducing the number |
| 1:42.3 | of VP positions. |
| 1:44.2 | According to a report by Business Insider, the move appears to be a continuation of Meta's |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.