Cathie Wood says Elon Musk's $1 trillion Tesla pay plan will win "decisively" in November. She blasted proxy firms and index funds for trying to sway shareholders against the deal. The package would give Musk more control if Tesla hits an $8.5 trillion valuation by 2035. Cathie Wood is betting that Elon Musk's new $1 trillion Tesla pay package will comfortably clear its first hurdle: a shareholder vote. In a post on X on Sunday night, the ARK Invest founder and longtime Tesla bull said she expects ...

AbsolutelyCathie Wood (@CathieDWood):Isn’t it sad, if not damning, that institutional shareholders rely on proxy firms to tell them how they should vote?Index funds do no fundamental research, yet dominate institutional voting. Index-based investing is a form of socialism. Our investment system is broken. ...