Tesla, Inc. (NASDAQ:TSLA) shares are poised to open sharply higher as they stacked up over 5% in premarket trading on Thursday.
The buoyancy in the stock can be traced back to Musk confirming that Tesla shareholders were overwhelmingly passing the two crucial proposals: re-approving the billionaire’s 2018 compensation plan and relocating Tesla’s incorporation from Delaware to Texas.
“Both Tesla shareholder resolutions are currently passing by wide margins!” Musk said on X, adding “Thanks for your support!!”
Both Tesla shareholder resolutions are currently passing by wide margins! — Elon Musk (@elonmusk) June ...
♥️♥️ Thanks for your support!! ♥️♥️ pic.twitter.com/udf56VGQdo