Tesla turns to its shareholders with important decisions! 📈
Tesla $TSLAshares are not having a great start to the year, their price has dropped by more than 35 %!
Ahead of the upcoming shareholder meeting to be held June 13thThe first is to move the company's headquarters to the Texas and the second is to restore the salary package for Elon Musk for a year. 2018. 🏢💼
Chairman of the Board Robyn Denholm stresses that it's time for Tesla Adopt Texas as its new legal home, where it has been based since December 2021. 🏠
As for the renewal Musk's pay package, Denholm highlights the success and growth that the company Teslaand therefore shareholders have experienced under his leadership in 2018. 📈💰
However, in this pay package for Elon,Musk is required to keep the five years to keep all the shares he receives on the exercise of his options, to incentiviseMusk to continue to innovate.
On the other hand, Tesla has announced a reduction of its workforce by 10 %.📉
How do you see the future of Tesla stock? Do you still see Tesla as a tech giant, or do you think it has fallen to the level of a regular car company?
Even if I only consider cars in the future, they were the first to deploy Gigapress. It was the cheapening of production that allowed them the highest margins initially. Nowadays almost everyone has them, well apart from VW they are content to snore there for now. That's where China has caught up and with government support has created significant competition. Tesla, however, is pulling out another ace Unboxed approach. I.e., another significant reduction in production costs. And there's no talk of putting Optimus into production yet, but it's a perfectly logical next step. After that, that is, if it succeeds, Tesla will certainly maintain its lead over its Chinese competitors in car production.
For me, it's definitely not a mainstream car company and won't be for a while. I still see the potential there, so I've already bought this year and I'll definitely be buying more.