Tesla (TSLA) CEO Elon Musk has billions of reasons to celebrate this morning after shareholders approved his historic pay package. The nearly $50 billion package received over 70% support in the vote. Shareholders also approved the company’s re-incorporation to the state of Texas, leaving Deleware. On Wall Street, stocks are under pressure as uncertainty in several areas of the world appears to be weighing on the major indices. The selling follows fresh highs from the S&P 500 (^GSPC), with both it and the Nasdaq (^IXIC) set to end the week higher. Yahoo Finance trending tickers include Adobe (ADBE), Shopify (SHOP), and Super Micro Computer (SMCI).
Key guests include:
9 a.m. ET – Dan Ives, Wedbush Securities Managing Director & Senior Equity Analyst
9:15 a.m. ET – John Stoltzfus, Oppenheimer Chief Investment Strategist
10 am. ET – Rob Arnott, Research Affiliates Founder and Chairman
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