00:00 Brian
Question of the day. Tesla will be hosting its annual shareholder meeting on Thursday with all focus on Elon Musk’s one trillion dollar pay package. Some vocal names in investing have come out against the pay package including Norway’s sovereign wealth fund. Even Pope Leo has voiced his concern. My question of the day is this. Let’s say there is a surprise on Thursday and Musk’s pay package doesn’t get approved. Musk then makes good on his threat and resigns as Tesla Tesla CEO, probably will do this on X. Uh would Tesla’s stock get cut in half or would there be less dramatic uh type of move? Say only a 25% plunge.
00:51 Speaker A
Yeah, look, if for some reason it does not get approved, then yes, you would see Tesla’s stock going down. Uh but I will say I’m I’m going to go with Poly market, which shows a 96% chance that it’s going to get approved.
01:08 Brian
Ben, let me get back to you. I think you’re unfrozen like that uh warm Costco pizza that Inez has. Uh, do you think the Tesla stock will be cut in half if Elon Musk were resigns? I’m trying to get a sense of the the Musk premium built into Tesla.
01:25 Ben
Yeah, that’s a cold shower, Brian. It’s it’s you know, if he if he resigns, you know, the stock gets a big cold shower. There would would be a big sell off in the stock.
01:36 Brian
Brooke, this wouldn’t be good. I Elon Musk, look, controversial figure, uh, world’s richest person, but he’s the visionary that has put Tesla together. You lose him, you lose a large part of the thesis that is his company.
01:54 Brooke
Brian, if we learned anything this past year, as Tesla finally saw year-to-date gains, I think just nearly uh back in September, is that this is a company that really does need Elon Musk at the helm with that visionary plan, you know, that that commitment that he has to the company even sleeping on factory floors as as some say. But really what we saw was that Elon Musk pulled out and sort of focused more on on on uh the government efficiency plans and all that. Investors did not like that. They like a company where Elon Musk is really leading the charge, leading the momentum, and ultimately innovating at the cadence that he does, especially with maybe that uh, you know, more uh uh opportune price point in this environment where consumers are looking and seeking out value yet again. I I think that this is a company that and investors that really do like him at the helm. I think that investors will do what they can to ultimately approve this pay package, but we are hearing some say like Norway Wealth Fund, they’re ninth largest shareholder, they’re saying that they ultimately oppose Musk’s pay package, but this is a yet again, an investor group that really does like Elon Musk at the helm. And so with so much back and forth, it’ll be interesting to see the way it plays out.
03:10 Brian
Elon should just go out and buy Papa John’s, Brooke. He could stick those pizzas in the back of these robo taxis and call it a day. It sounds like a profitable venture to me.
