Counterpoint Global, an investment team within Morgan Stanley Investment Management, as well as the Florida State Board and Schwab Asset Management, said they intend to cast their votes in favor of Musk's compensation package. WHY THIS MATTERS TO YOU The Tesla shareholder vote for revived a debate over key-person risk as well as corporate governance practices. High-profile investor groups holding big chunks of company stock took both sides of the issue this time around, though the company ultimately got wha ...

Core Viewpoint - The outcome of today's shareholder vote on Elon Musk's compensation package could significantly impact Tesla's future and Musk's role within the company [1][5]. Group 1: Shareholder Vote Details - A preliminary tally on 14 proposals, including a substantial pay package for Musk and increased control over Tesla, is expected after a meeting scheduled for 3 p.m. central time [2]. - The final count will be submitted to the Securities and Exchange Commission in a few days [2]. Group 2: Support and Opposition - Major investor groups, including Counterpoint Global and Schwab Asset Management, are in favor of Musk's compensation package, emphasizing the importance of his leadership [4][7]. - Conversely, proxy advisory firms like Glass Lewis and ISS have recommended voting against the package, citing concerns over dilution and insufficient risk mitigation [6][8]. Group 3: Market Expectations - Prediction markets indicate a strong expectation (90% or higher) that shareholders will approve Musk's pay package [8]. - Tesla's shares rose approximately 4% on Wednesday, closing around $462, marking a 14% increase for the year [9].