Derived from Biji Network, Tesla (TSLA) stock fell 10% this week following the approval of Elon Musk's $1 trillion compensation plan at the company's annual shareholders meeting. The plan, which grants Musk 12 tranches of stock over the next decade if specific targets are met, also increases his voting power. Tesla's stock closed at $401 on Thursday, down 6% in 24 hours, marking its worst performance since summer. Analysts like Wedbush's Dan Ives remain bullish, calling the plan a 'beacon' for Tesla's AI and autonomous driving future and maintaining an 'outperform' rating with a $600 price target. The stock currently sits near the top of its 52-week range.
Tesla (TSLA) Stock Drops 10% as Investors Sell Amid Musk's $1 Trillion Pay Plan
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