Big Tech Is Spending Billions Each Month on This AI Superproject

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Bibhu Pattnaik
June 09, 2024

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is urging shareholders to cast their votes on their shares by offering them an opportunity to win a personal tour of the company’s Texas facility. This incentive comes as the board requests shareholders to approve the reinstatement of Musk’s $56 billion compensation package.

What Happened: In a post on X on Saturday, Musk emphasized the importance of shareholder participation and asked for feedback on any voting issues encountered.

Musk’s tweet read, “Please take a moment to vote your Tesla shares before the annual meeting on Thursday. Lmk in comments if you encounter any issues.”

This call to action was in response to a tweet from Tesla, which highlighted a tour opportunity for shareholders who vote their shares.

In another tweet, Musk responded to financial blog Zero Hedge regarding Norway’s sovereign wealth fund’s potential sale of its Tesla shares. Musk stated, “Yeah, this is not cool. If they actually surveyed their constituents, they would discover overwhelming support in favor.”

On Saturday, Norges Bank Investment Management, which manages Norway's sovereign wealth fund, announced that it would vote against Elon Musk's substantial CEO compensation package at Tesla’s annual meeting.

Also Read: Tesla’s Board Is Desperately Trying To Focus Elon Musk’s Attention On The Company

Musk also noted that about 90% of retail shareholders who have voted “have voted in favor of both resolutions” in regards to his proposed compensation. He mentioned that many shareholders face challenges voting due to complications from institutions holding their shares.

In a separate conversation with Brett Winton from ARK Invest, Musk criticized the influence of proxy advisory firms ISS and Glass Lewis, stating they have “zero economic alignment with actual shareholders.”

Why It Matters: The tweets come at a crucial time as Tesla’s annual meeting approaches. Recently, advised shareholders to vote against Musk’s proposed $56 billion compensation package, citing its “excessive size” and potential dilutive impact.

Tesla’s board has been striving to secure Musk’s full attention amid his involvement in multiple ventures. The board is trying to reinstate the record compensation package from 2018, which was overturned by a Delaware judge.

Musk’s call for shareholder votes highlights the significance of retail investors’ participation in corporate decisions. The outcome of the annual meeting could impact Tesla’s future direction and Musk’s role within the company.

Now Read: Tesla’s Board Chair Pleads For Reapproval Of Elon Musk’s Controversial $47 Billion Compensation: ‘Incredibly Important For The Future Of The Company’

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Photo: Shutterstock

Popular

What's Going On With Mullen Automotive's Stock?

Mullen Automotive shares are moving Monday. The company announced its subsidiary, Bollinger Motors, has reached an agreement to sell 70 all-electric Class 4 Bollinger B4 commercial EV trucks. 

Citizens And 4 Other Stocks Under $5 Insiders Are Buying

Below is a look at a few recent notable insider transactions for penny stocks.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

Powell says Federal Reserve is more confident inflation is slowing to its target

WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.

US Banks Sound Alarm On Lower-Income Struggles Before Election

Financial giants warn of lower-income woes pre-election, amid depleted stimulus impact and inflation fears.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

Trump's Family Reacts To Attempted Assassination: 'Toughest Man I've Ever Met'

Following the attempted assassination of former President Donald Trump on Saturday, his family shared heartfelt messages.

The AI Presentation 'They' Don't Want You to See - Ad

Wall Street legend confesses, "I feel a sense of duty to share what I know with as many people as I can... that's why I made this free for all to view."

Bipartisan Effort At U.S. Capitol Calls On FDA To Approve MDMA Therapy For Vets And Others With PTSD

Bipartisan lawmakers and veterans push for FDA approval of MDMA therapy for PTSD, marking a milestone in mental health innovation.

Top 4 Real Estate Stocks That Could Lead To Your Biggest Gains In Q3

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

The World's First Trillion Dollar Drug - Ad

By 2030, Wall Street experts predict it could generate more revenue than the top 10 best-selling drugs... combined. Early investors stand to reap tremendous rewards as its growth surges 75,000% by 2030. Former hedge fund manager Ian King predicts this could become the world's first trillion-dollar drug. And he's recommending 3 little-known stocks to play this fast-moving trend.

Vietnam's VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes

HANOI, Vietnam (AP) — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.

Elon Musk Discloses 2 Attempts On His Life And Endorses Trump Following Rally Shooting: 'Dangerous Times Ahead'

Tesla CEO Elon Musk was quick to endorse Donald Trump after the former president was shot at during a campaign rally in Pennsylvania on Saturday.

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

Microsoft, Amazon Or Palantir: Reddit Users Debate How To Invest $4,900

Reddit users debate best stock picks for $4.9K investment. Microsoft and Amazon seen as strong choices, while Palantir's potential sparks debate.

Top 2 Energy Stocks That May Fall Off A Cliff This Quarter

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Joe Biden's Biggest Mistake - Ad

On February 27, 2023, Joe Biden made a decision that could cost the U.S. government $9 trillion dollars...and cut the living standards of American citizens by 25%. How you handle this situation will be one of the most important financial decisions you ever make.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Norway starts stockpiling grain, citing the pandemic, war and climate change

COPENHAGEN, Denmark (AP) — The Norwegian government on Tuesday signed a deal to start stockpiling grain, saying the COVID-19 pandemic, a war in Europe and climate change have made it necessary.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Stocks Show Modest Gains Ahead Of Fed's Inflation Report; Chipmakers Struggle, While Gold And Bitcoin Rebound: What's Driving Markets Thursday?

Wall Street experienced a subdued trading day on Thursday, as traders likely chose to remain on the sidelines in anticipation of Friday’s release of the Federal Reserve’s preferred inflation gauge.

Chewy, Apple, Marathon Digital, McDonald's, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Monday evening, major U.S. indices closed in positive territory. The Dow Jones Industrial Average increased by 0.1%, reaching 39,169.52. The S&P 500 rose by 0.3% to 5,475.09, while the tech-focused Nasdaq climbed 0.8% to finish at 17,879.30. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Buy These 3 Stocks Before the FDA's Anticipated Announcement - Ad

See this ASAP! This could NOT be more urgent.... Ian King has identified 3 little-known stocks that could go up 10X in the coming years. It's all thanks to a breakthrough product that could save billions of lives. Maybe even yours.

The son of Asia’s richest man is set to marry in one of India’s most extravagant weddings

MUMBAI, India (AP) — Global celebrities, business tycoons and politicians began arriving in India’s financial capital on Friday to attend the wedding of the youngest son of highlighting the billionaire's staggering wealth and rising clout.

Elon Musk's Crazy New Experiment...REVEALED - Ad

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

Nvidia, Amazon And 2 Other Stocks Insiders Are Selling

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced.

China's Secret Plan to Bankrupt Millions of Americans? - Ad

A mountain of evidence compiled over the past 20 months makes it clear to us that China has put in a covert plan that will cost the U.S. government $9 trillion...and harm ordinary citizens. How you handle this situation will be one of the most important financial decisions you ever make.

Trump Vice President Pick Coming 'Any Time': Betting Odds Show New Favorite Emerging

Since the first presidential debate, much of the political conversation has been on whether President Joe Biden would step down from the 2024 presidential election.

What's Going On With Nikola Stock After Its Reverse Split?

Nikola Corporation shares are trading lower Tuesday after the stock began trading on a reverse split-adjusted basis. Here's a look at what to know:

Mark Zuckerberg's Meta Reportedly Tests Apple Vision Pro-Like Feature For Quest Headsets

Meta Platforms Inc. is reportedly testing a new feature for its Quest headsets that allows users to position windows freely, similar to Apple Inc.'s Vision Pro, as discovered in version 67 of the Meta Quest Public Test Channel.

What's Going On With Cheche Group Shares Today?

Cheche Group shares rise as it expands insurance collaborations with BAIC Group's Beijing Anpeng, enhancing ties with new energy vehicle manufacturers in China.

Your Second Chance to Profit from AI - Ad

If you missed out on Nvidia, don't worry. A 244-year-old pattern is about to trigger a $25.6 trillion AI surge... And send three overlooked stocks soaring 1,000%+

Supreme Court Rejects Trump-Ally Steve Bannon's Appeal, Prison Sentence Looms

The Supreme Court dismissed Steve Bannon's final appeal to avoid prison, mandating him to report to prison by July 1 for his contempt of Congress conviction.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service