Tesla Investors to Decide If Musk Is Worth $46 Billion

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 13 June 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for June 13. Elon Musk says he has “wide margins” to win as hareholder vote today over his record pay package. Jefferies analyst Philippe Houchois says the visionary CEO enjoys strong support from retail investors, but can also be seen as Tesla’s enemy. Plus, Argentinians take to the streets as President Javier Milei pushes his austerity agenda. And, we look at the divisive housing perk that can add thousands of dollars to lawmakers’ pay. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.4	slash Wall Street.
0:17.4	Tesla shareholders prepare to render their judgment on whether Elon Musk's leadership is worth tens of billions of dollars.
0:26.5	The debate on Tesla versus Elon Musk is his contribution to creativity or to making Tesla possible is phenomenal.
0:34.0	His ability to actually run and build a business is questionable.
0:38.0	Plus Donald Trump returns to Capitol Hill for the first time since his supporters January 6th Riot.
0:44.9	And Argentina's leader closes in on a big win as he pushes his Libertarian agenda.
0:50.9	It's Thursday, June 13th. I'm Luke Vargas for the Wall Street Journal and here is the
0:55.4	AM edition of What's News, the top headlines and business stories moving your world
1:00.6	today.
1:05.0	Argentine President Javier Milay has scored a political victory
1:09.0	after the country's Senate voted yesterday to approve austerity measures that the
1:13.9	Libertarian leader had championed. The legislation would hand
1:17.4	Millay broad powers and includes plans to privatize various state-owned
1:21.3	firms, court foreign investment, and offer tax amnesty for those with
1:25.8	undeclared assets at home and abroad.
1:29.4	Yesterday's vote was met with protests, with demonstrators chanting that Argentina is not for sale.
1:35.0	While Milay has said that his economic overhaul is necessary to restore prosperity to Argentina,
1:41.0	the country's economic pain has worsened since he took office in December.
1:45.1	According to the Catholic University, nearly 60% of Argentines are now living in
	...

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