An eventful meeting boosted Tesla stock on Wednesday. Here is everything investors need to know.
Tesla Inc.’s eventful, nearly two-hours-long annual shareholder meeting late Tuesday seemingly had something for everyone, and Wall Street cheered it: Tesla stock was up nearly 4% on Wednesday. Here are the takeaways from the meeting:
Advertising Musk surprised shareholders by saying Tesla would advertise its products, which it categorically had refused to do for as long as it has been around. No advertising was the right strategy for Tesla in the past, but not as competition increases across the EV landscape. “We view Straubel’s nomination to the as a strategic addition that will further enhance technology leadership and speculate that it may be indicative of a future partnership in materials recycling,” the analyst said.
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