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

Table of Contents

crypto.ro global

Other articles published on Jun 13, 2024

Solana Meme Coins BONK and BOME See Outflows as Ethereum’s Raboo Attracts Inflows

LTO Network and DWF Labs Collaborate to Drive RWA Tokenization and Market Expansion

Bitcoin Miners Are Selling, Will High Liquidity Derail BTC To ATH Push?

Crypto Regulations in Vietnam 2024

Vertex: The game-changer in decentralised trading

BullRun2024 Unveils Revolutionary Crypto MEME Project in Anticipation of 2024 Bull Run

Join our free newsletter for daily crypto updates!