Wall Street Brunch: Tesla Shareholders Set To Vote On Musk's Pay

Tesla - Tesla will hold a shareholder meeting to vote on Elon Musk's proposed $1 trillion pay package and the company's future direction [2][3] - The meeting will include updates on critical initiatives such as the robotaxi network pilot, Cybercab program, Tesla Semi production ramp, and advancements in next-generation battery technology [3] - The compensation package for Musk is proposed to be paid in shares over twelve tranches based on performance goals, which would increase his voting power to 25% [4] - Analysts express skepticism about the full realization of Musk's pay package but acknowledge Tesla's historical ability to achieve ambitious goals [5] Berkshire Hathaway - Berkshire Hathaway reported a nearly 34% increase in operating profit, driven by strong performance in its insurance underwriting business [6] - The company's cash reserves have grown to almost $390 billion, with no buybacks in the recent quarter [6] - Increased investment activity or share repurchases could serve as a catalyst for Berkshire Hathaway's stock in the near term [7] Palantir - Palantir is set to report earnings, with analysts expecting EPS of $0.17 on revenue of $1.09 billion [9] - There is a divergence in analyst opinions, with some expecting the company to exceed revenue expectations due to its AI platform, while others caution that growth must be maintained at a high level to avoid stock repricing [10][11] Market Overview - 83% of S&P 500 companies have reported positive EPS surprises, and 79% have beaten revenue expectations, indicating a strong earnings season [9] - The White House announced plans to eliminate export controls on rare earth and critical minerals, which may impact global supply chains [7] - Tariffs on Chinese imports related to fentanyl will be reduced, effective November 10, which could influence trade dynamics [8]