Tesla's stock declined over 4% as shareholders prepare to vote on a proposed $1 trillion compensation package for CEO Elon Musk. The package is contingent on Tesla meeting ambitious targets, including the delivery of 20 million vehicles and the operation of 1 million self-driving taxis. The Norwegian sovereign wealth fund, with assets totaling $1.9 trillion, has expressed opposition to the package, citing concerns about its magnitude and potential equity dilution. Analysts have identified Tesla's resistance level at $489, with support levels between $415 and $417.
Tesla Shares Drop 4% Ahead of Vote on $1 Trillion Musk Compensation
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