We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Tesla, Inc. is one of the stocks Jim Cramer recently discussed.
On the day this show was aired, Tesla, Inc.’s shareholders hadn’t approved a new pay package for CEO Elon Musk. This package, which could see Musk become a trillionaire, was approved by the shareholders with more than 75% of the votes last week. The package is the largest of its kind in history, and at the shareholder meeting, voters also voted in favor of Tesla, Inc. investing in Musk’s AI company, xAI. Cramer discussed Musk’s threats of leaving Tesla, Inc., and whether it would be worth owning the stock if he left:
“That would be devastating. We don’t really even know that many other people who work at Tesla. I’m sure they’re very good, they’ve assembled a great team. But, it, look I’m not going to say it’s a death sentence, who would want to own that stock. I just don’t wanna own. . .This would be the highest profile decline of a company because of a CEO departure that we’ll ever see.”
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This article is originally published at Insider Monkey.
