Tesla Inc

TSLA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$463.00	Cswfpl	Skrsbvty

Tesla: Shareholders Vote for CEO Musk's 2018 Compensation Package and Reincorporation in Texas

Seth Goldstein

Jun 14, 2024

Tesla reported the results of its annual shareholder meeting on June 13. Shareholders voted with the board recommendations on nearly every proposal, including approving CEO Elon Musk's 2018 compensation package as well as reincorporating in the US state of Texas from Delaware. We see no reason to change our outlook for Tesla as a result of the vote. Accordingly, we maintain our $200 fair value estimate. Our narrow moat rating is also unchanged.

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