00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla shares rose 0.7% to $428.99 in pre-market trading on Wednesday,
00:08rebounding after a 2% decline in the previous session, that according to Barron's.
00:12Investors are closely watching Tesla as the board's proposed $1 trillion pay package
00:16aims to keep CEO Elon Musk motivated and focused on the company.
00:20Musk defended the plan on X, saying it ensures he retains influence over Tesla's future
00:24amid concerns about activist shareholder pressure.
00:26Musk's proposed 2025 Performance Award would grant him stock options equal to 12% of Tesla's shares.
00:33The options would fully invest if Tesla hits an $8.5 trillion market cap, about $2,700 a share.
00:38Stock has surged 28% in September, making it the best performer among the Magnificent Seven.
00:43For all things money, visit Benzinga.com.
Comments