Tesla(US:TSLA) Benzingaยท2025-11-06 05:09Core Viewpoint - Analysts are divided on the approval of CEO Elon Musk's trillion-dollar pay package ahead of Tesla's shareholder meeting, with some predicting overwhelming support while others express caution regarding potential negative implications of a failed vote [1][2][3]. Analyst Predictions - Dan Ives from Wedbush Securities is bullish on the package's approval, stating it would be a significant step towards Tesla's autonomous roadmap and transform the company into an "AI juggernaut" [2]. - Adam Jonas from Morgan Stanley cautions that a failed vote could signal a "vote of no confidence" in Musk, potentially leading to a selloff of 10% or more [3]. Investor Recommendations - Gary Black of Future Fund LLC recommends voting in favor of the pay package, predicting it will receive investor approval [4]. - Gene Munster from Deepwater Asset Management believes the vote is personal for Musk and expects it to pass, arguing that shareholders will benefit alongside Musk [5]. - Cathie Wood, CEO of ARKInvest, questions why investors would oppose the package, emphasizing the potential benefits for shareholders if Musk meets high goals [6]. - Charles Schwab has stated it will vote in favor of the package, despite criticism from Tesla supporters [7]. Opposition from Major Investors - Significant opposition has emerged from investors like Ross Gerber and Norway's Sovereign Wealth Fund NBIM, which holds over $17 billion in Tesla assets, citing concerns over the award's size and key person risk [8][9]. - The California Public Employees Retirement System (CalPERS), which holds over $2.3 billion in Tesla shares, is also reportedly voting against the package, posing a potential hurdle for Musk [9].