TECH - Attention Tesla Investors! Fund Manager Lists 4 Key Catalysts That May Boost Ailing Stock | Benzinga
Electric vehicle giant Tesla, Inc.‘s (NASDAQ:TSLA) shares have been rangebound below the $200 level for much of this year, a far cry from its all-time high of $414.50 (intraday) reached on Nov. 4, 2021. A bullish analyst on Monday shared a few key catalysts that will pan out over the next two months and could prove to be stock-moving.
What Happened: As the stock languishes amid the company’s fundamental woes, Future Fund’s Gary Black listed the following events as key catalysts:
- June 13 Tesla shareholder meeting: The fate of CEO Elon Musk’s 2018 compensation package, which was invalidated by a Delaware Chancery court earlier this year and has since then been re-upped by the company’s board, will be decided at the meeting. The fund manager expects the proposal related to the recommendation to go through at the meeting and lift the cloud of uncertainty.
- Early July Q2 Deliveries Update: Tesla’s second-quarter deliveries update, likely due on July 2, may undershoot expectations, Black said. As opposed to the 4% year-over-year decline the consensus ...