Tesla awards Elon 96 million shares
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 4 August 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
Tyson Foods rallies after higher beef prices power a beat-and-raise quarter
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.7 | Good afternoon. Today is Monday, August 4th, and I'm your host, Kim Khan. Our top story so far. |
| 0:15.2 | Tesla disclosed that it approved an interim stock award of 96 million shares for CEO Elon Musk. The 2025 CEO interim award |
| 0:23.7 | will vest upon the second anniversary of August 3, 2025, subject to Musk remaining in continuous |
| 0:29.0 | service as CEO or as an executive officer responsible for product development or operations. |
| 0:34.7 | Musk must pay the company 2334 per share of restricted stock that vests, |
| 0:39.4 | which is equal to the exercise price per share of the 2018 CEO award. The terms of the award |
| 0:44.6 | indicate the Musk cannot sell, transfer, or dispose of the shares covered by the 2025 |
| 0:48.8 | CEO interim award until after the fifth anniversary of the grant except to satisfy taxes owed. |
| 0:54.9 | The CEO compensation package will be placed before a shareholder vote at the company's |
| 0:59.0 | annual meeting on November 6th. |
| 1:00.8 | The interim stock award comes after a prior compensation package valued exceeding $50 billion, |
| 1:05.7 | was struck down by a judge in a decision that is being appealed to the Delaware Supreme |
| 1:09.2 | Court. |
| 1:09.9 | In addition, Tesla's China-made |
| 1:11.4 | EV sales fell 8.4% year-over year in July amid mounting competition from lower-priced models. |
| 1:17.4 | Deliveries of its Shanghai-made Model 3 and Model Y vehicles, including exports to Europe and other |
| 1:21.9 | markets reached 67,886 units last month. Reuters reported that, citing data from the China Passenger Car Association. |
| 1:29.6 | That marked a 5.2% sequential decline in deliveries. Among active stocks, Tyson Foods topped expectations |
| 1:35.8 | with its fiscal Q3 earnings report. Beef prices saw the biggest jump, up 10% from a year ago. |
| 1:41.6 | On the guidance front, Tyson sees revenue growth of 2-3% versus prior outlook for |
| 1:46.3 | flat to 1% up. TMC, the Mellis Company, is surging after saying it released a technical report |
... |
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