ELON Coin

Carlo

Elon Musk

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Elon Musk said that Tesla shareholders voted yes to restore his 2018 compensation pay of $56 billion.</li> 
 <li>Recently, Ark Invest shared a new expected value for Tesla in 2029 at $2,600 per share.</li> 
</ul> 
According to the latest reports, Tesla Chief Executive <a href="https://crypto.ro/en/news/trump-says-real-verdict-will-be-on-election-day-elon-musk-shows-support/">Elon Musk</a> said that the preliminary voting results are showing that shareholders are currently backing proposals to ratify his pay package and reincorporate the company in Texas by wide margins. 
In a<a href="https://x.com/elonmusk/status/1801084780035154058" rel="nofollow" target="_blank"> post</a> on X, Musk said a few hours ago that both Tesla shareholder resolutions are currently passing. The post included a graph showing both measures raising enough votes to guarantee their passage. 
<a href="https://x.com/elonmusk/status/1801084780035154058/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GP69D-PaUAAWQPI?format=jpg&amp;name=small" alt="GP69D PaUAAWQPI?format=jpg&amp;name=small" width="528" height="288" title="Tesla Shareholders Approve $56B Pay Package For Elon Musk 10"></a> 
According to<a href="https://www.forbes.com/sites/siladityaray/2024/06/13/elon-musk-says-tesla-shareholders-have-voted-to-restore-his-2018-compensation-package/" rel="nofollow noopener" target="_blank"> Forbes</a>, this comes months after the pay package was invalidated by a Delaware judge. 
The push to change Tesla’s state of incorporation from Delaware to Texas was spearheaded by Musk after he conducted a public vote via X. Musk also thanked his shareholders following the vote. 
Texas Governor Greg Abbott congratulated Musk in a post on X for the pay he was promised and the new Texas incorporation. He welcomes Musk to a state “that has neither a personal nor a corporate income tax.” 
<blockquote class="twitter-tweet"> 
 Congrats Elon on getting the pay you were promised and on your new incorporation in Texas. 
 Welcome to a state that has neither a personal nor a corporate income tax. <a href="https://t.co/HOKd9oOcFA" rel="nofollow" target="_blank">https://t.co/HOKd9oOcFA</a> 
 — Greg Abbott (@GregAbbott_TX) <a href="https://twitter.com/GregAbbott_TX/status/1801109363819499787?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 13, 2024</a>
</blockquote> 
<h2 id="ark-invest-updates-tesla-share-price-prediction-for-2029">Ark Invest updates Tesla share price prediction for 2029</h2> 
The good news for Musk comes right after Ark Invest shared some impressive<a href="https://www.ark-invest.com/articles/valuation-models/arks-tesla-price-target-2029" rel="nofollow noopener" target="_blank"> new predictions</a> about the price of Tesla shares recently. 
In an official report, Ark’s updated open-source<a href="https://crypto.ro/en/news/elon-musks-tesla-vehicles-pass-data-security-rules-in-china/"> Tesla</a> model yields an unexpected value of $2,600 per share in 2029. 
The notes reveal that the bull and bear cases, tuned to the 75th and 25th percentile Monte Carlo outcomes, respectively, are approximately $3,100 and $2,000 per share, as shown in the chart. 
<figure id="attachment_44755" aria-describedby="caption-attachment-44755" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest.png"><img loading="lazy" decoding="async" class="wp-image-44755 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest.png" alt="Ark Invest" width="885" height="442" title="Tesla Shareholders Approve $56B Pay Package For Elon Musk 11" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest.png 885w, https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-300x150.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-768x384.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-360x180.png 360w, https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-750x375.png 750w" sizes="(max-width: 885px) 100vw, 885px"></a>
 <figcaption id="caption-attachment-44755" class="wp-caption-text">
 Ark Invest
 </figcaption>
</figure> 
This research update presents Ark’s open-source Tesla model, which incorporates distributions for 45 independent inputs to simulate a range of potential outcomes for the company and its stock, according to the official report. 
Ark estimates that about 90% of Tesla’s enterprise value and earnings will be attributed to the robotaxi business in 2029. 
<figure id="attachment_44756" aria-describedby="caption-attachment-44756" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-2.png"><img loading="lazy" decoding="async" class="wp-image-44756 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-2.png" alt="Ark Invest" width="865" height="418" title="Tesla Shareholders Approve $56B Pay Package For Elon Musk 12" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-2.png 865w, https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-2-300x145.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-2-768x371.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/ark-invest-2-750x362.png 750w" sizes="(max-width: 865px) 100vw, 865px"></a>
 <figcaption id="caption-attachment-44756" class="wp-caption-text">
 Ark Invest
 </figcaption>
</figure> 
Electric vehicles could see a quarter of total sales and a -10% of Tesla’s earning potential.

Tesla Shareholders Approve $56B Pay Package For Elon Musk

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