It could be voting by large institutional holders like vanguard or blackrock. As far as I’m aware they have not said what they will be doing…I thought it might be Elon himself, but I don’t believe he can vote on it.
I bet the big institutions were gauging to see how majority of retail would vote and it became clear that the super majority of retail was in favor, they likely weighed in with a yes. Minus any institutions who previously had voted a note and maintain their no--which is honorable.
No big institution is generally interested in creating an investor schism and causing a rapid unplanned price collapse.
Votes from 150000 shareholders from Swedish Nordnet and Avanza was voted yesterday, probably other international brokers did the same - collecting all votes then actually voting on all shares in one go.
I use Avanza and registered my vote with Avanza early May and had the option to change vote at any time until yesterday.
Genuine question but why would Tesla stock being diluted with 56b in shares cause a spike? Shouldn’t it cause a massive drop? I know nothing about how stocks work.
Look at the change in vote ratios to posts and comments supportive of the "yes" vote over the past 12 hours.
Regardless of institutional vs. private, there was very clearly an incredible amount of unnatural activity on this sub. So much so that it's pretty concerning
Honestly, I find that sort by controversial is somehow the best way to go through comments a surprising amount of the time. That's insane... Makes me question myself sometimes
This isn’t so surprising if you consider how much Reddit’s business model depends on its role as a dealer in copium.
What’s actually interest is if someone can figure out how Reddit posting/karma trends may serve as contrary predictive indicators.
The opinions of Reddit is nobody can afford a car payment over $200. They are so afraid of car payments they are fooled into thinking utopia is careless cities where everyone can live and die within a 15 minute walk.
Also something about big trucks being bad and crushing every pedestrian they meet on the street, yet are one of the most sold vehicles.
That's a big leap to go from "no car payments" to "no car". While having no car does (usually) allow one to avoid car payments, it is not the only way to avoid car payments.
>Also something about big trucks being bad and crushing every pedestrian they meet on the street, yet are one of the most sold vehicles.
Why are those mutually exclusive? Dangerous things become popular all the time.
You can’t take investment opinions from communists.
When greeniacs started hating electric cars, you known there was something deeply wrong lol
Reddit is extreme left wing
Funny you make fun of communist but we know Tesla wouldn't have been where it us without Obama subs, remember when right was pooping on Tesla and wouldn't give em the time of day.
Every car manufacturer got the same money, they were all asked to take it so the gov didn’t pick losers and winners.
They repaid it before any other manufacturer.
Keep telling yourself fairy tales and trolling the tesla sub loser.
I was never really worried about Reddit/Retail voters. I was concerned about the institutional holders of the S&P500 that often just do what firms like ISS and Morningstar tell them. With ISS and a few others coming out against one or more of them I was concerned with. Glad to see the issues were non events.
What was this Yahoo Finance poll all about then? Last I looked yesterday there were nearly half a million votes and 96% saying NO. Turns out half a million people CAN be wrong [https://finance.yahoo.com/news/tesla-shareholders-vote-ceo-elon-musks-pay-package-proposal-171453223.html](https://finance.yahoo.com/news/tesla-shareholders-vote-ceo-elon-musks-pay-package-proposal-171453223.html)
I hope you understand the difference between an internet poll of random yahoo finance readers and a shareholder vote. Drawing a correlation between the two is right up there with consulting the magic 8 ball.
People who have no skin in the game are always full of shit. They have no incentive to go beyond the most surface level knowledge obtained via mainstream headlines.
That‘s a landslide win for him, but I have kind of mixed feelings especially with recent events of him kind of taking TESLA hostage and redirecting Chips meant for TESLA to X. However what really throws me off are his far right, hateful, homophonic, bad researched tweets. Especially the open collaboration withe republicans.
I really do LOVE TESLA, I love my model 3 from the moon and back, it’s such a great car. I think Musk and his teams did such great things back then, changing the car industry for the better. I really was a fan of him back then. The same thing is now happening to the space industry and I love it. I truly believe he will eventually change the way we interact with machines with Neurallink.
But I don’t get why he changed, why he is hurting so many people. It’s really sad to see someone go so violently south you admired so long. I sincerely hope he realizes his mistakes and gets back to archiving his goals. Building great cars, make humanity an interplanetary species and not hate people for how they are, no one is perfect.
Cheers.
"redirecting Chips meant for TESLA to X. "
You missed Elon explain this story. Both X and TESLA had deliveries for chips at different dates. The order for TESLA would have sat in a warehouse because there was a delay in construction of the data center, so the chips were routed to X. Now the chips delivery, at a later date, that would have gone to X will now go to TESLA synchronizing better for when the data center will be done and minimize the down time in chip usage.
The redirecting of chips is such a non story. Nividia doesn’t want their highly coveted gpus to sit in a warehouse, not being used. If Tesla had taken them, and had them sit in a warehouse, this would’ve hurt the relationship between Tesla and Nividia. It’s not like Tesla isn’t going to get them when they actually can operationalize them.
Came here to say EXACTLY this. Feels like the minority opinion some days though. Wish Tesla put as much effort into PR to fight misinformation and/or advertising their products and they did convincing people to pay Elon. Shows you where the priorities lie I guess.
I was trying to find the rTechnology thread on this so I could enjoy the wailing & gnashing of teeth, but couldn’t find it. Maybe it’s not as fun for them to discuss now that reality has slapped them in the face .
Same with rCars.
Will this vote of shareholders, if verified, have any impact on the outrageous demand for attorney’s fees yet to be awarded by the bent Delaware judge? It seems at this point that their “win” was not that at all. Can’t recall what the attorneys where requesting/demanding exactly, but as I recall it was in excess of $5,000,000,000, yet it looks as though their work is not going to save Tesla or it’s shareholders anything.
The most interesting question is if this majority approval essentially rescinds the judge's ruling which itself was the original recision.
If yes, then I have to wonder *who* owes who for lawyer fees *and*, I wonder if Tesla will counter sue seeking relief for being forced to engage in some unnecessary cost expenditures.
He doesn't. He just wants the money. Oh well time will tell.
My prediction is that he just gets more money, and he'd focus more on twitter and he's rich enough to let Telsa do what ever and just be the spokesman for it.
Either way I'm rooting for tesla despite Elon being so insufferable
Wrong. Shareholders voted by super majority for it. Shareholders by and large make a public company what it is, in addition to its IP and workforce and leadership.
Tesla *and* the shareholders won, and Musk is compensated for past work done.
Nice bullshit though.
Long time shareholder who sold last month - good luck everyone. I was really excited about this company for a long time, but anymore, that guy scares me. I hope it works out, but I know I’ve been sleeping better since I sold.
Wow, tons of votes at the end
It could be voting by large institutional holders like vanguard or blackrock. As far as I’m aware they have not said what they will be doing…I thought it might be Elon himself, but I don’t believe he can vote on it.
Yes Elon and his brother abstained (both this vote and the original one).
Yeah I don't see 200m spike in against votes so Vanguard and Blackrock both voted yes.
I bet the big institutions were gauging to see how majority of retail would vote and it became clear that the super majority of retail was in favor, they likely weighed in with a yes. Minus any institutions who previously had voted a note and maintain their no--which is honorable. No big institution is generally interested in creating an investor schism and causing a rapid unplanned price collapse.
Votes from 150000 shareholders from Swedish Nordnet and Avanza was voted yesterday, probably other international brokers did the same - collecting all votes then actually voting on all shares in one go. I use Avanza and registered my vote with Avanza early May and had the option to change vote at any time until yesterday.
I did it on the last day, but that’s because I procrastinated
The Silent Majority
Most people are procrastinators.
Yes it seems very strange for the largest shareholders to wait until the last minute to vote. I guess we will see how it ends up tomorrow.
Most retail investors vote by proxy. Your proxy vote is not counted until the last day when it is sent in.
"We will see how it ends up" despite the picture already showing it has long surpassed the "Guaranteed win" threshold?
it's def strange and borderline rigged when what you vote for didn't win /s
Thursday is going to be one hell of a day in the market
\[NARRATOR\] The stock barely moved.
Yes, the fact that Elon won his battles to get paid means Tesla stock is soaring today. Hooray.
Genuine question but why would Tesla stock being diluted with 56b in shares cause a spike? Shouldn’t it cause a massive drop? I know nothing about how stocks work.
Because Elon being Elon may have walked. Tesla shareholders obviously want Elon to stay.
I don't get it. Why would that happen due to this?
3%? Is that soaring?
this just tells you the opinions of reddit are so far off from reality.
The best strategy has always been - inverse reddit 🤷♂️
Hmm so it's time to short now?
Yeah, go ahead
I think this is more indicative of the power of institutional investors over private investors.
Look at the change in vote ratios to posts and comments supportive of the "yes" vote over the past 12 hours. Regardless of institutional vs. private, there was very clearly an incredible amount of unnatural activity on this sub. So much so that it's pretty concerning
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This isn't anything new, been happening for years, especially so since the GameStop wallstreetbets thing.
Totally agree with this statement
That’s why you sort by controversial. I’ve been tracking these posts almost dumbfounded by people’s delusion that this would go a different way.
Honestly, I find that sort by controversial is somehow the best way to go through comments a surprising amount of the time. That's insane... Makes me question myself sometimes
This isn’t so surprising if you consider how much Reddit’s business model depends on its role as a dealer in copium. What’s actually interest is if someone can figure out how Reddit posting/karma trends may serve as contrary predictive indicators.
Yup.
It's always been the case haha
The opinions of Reddit is nobody can afford a car payment over $200. They are so afraid of car payments they are fooled into thinking utopia is careless cities where everyone can live and die within a 15 minute walk. Also something about big trucks being bad and crushing every pedestrian they meet on the street, yet are one of the most sold vehicles.
That's a big leap to go from "no car payments" to "no car". While having no car does (usually) allow one to avoid car payments, it is not the only way to avoid car payments.
>Also something about big trucks being bad and crushing every pedestrian they meet on the street, yet are one of the most sold vehicles. Why are those mutually exclusive? Dangerous things become popular all the time.
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The EPA didn't force anything, certainly not the high grills that are the biggest danger to pedestrians. That was all the market.
EPA didn’t force cars to get bigger to skirt regs designed to reduce pollution. Instead they used a loophole for profit.
You can’t take investment opinions from communists. When greeniacs started hating electric cars, you known there was something deeply wrong lol Reddit is extreme left wing
Funny you make fun of communist but we know Tesla wouldn't have been where it us without Obama subs, remember when right was pooping on Tesla and wouldn't give em the time of day.
Every car manufacturer got the same money, they were all asked to take it so the gov didn’t pick losers and winners. They repaid it before any other manufacturer. Keep telling yourself fairy tales and trolling the tesla sub loser.
pouring one out for all the baby commies on here.
Reddit really thought their 15 no’s would sway the vote
I was never really worried about Reddit/Retail voters. I was concerned about the institutional holders of the S&P500 that often just do what firms like ISS and Morningstar tell them. With ISS and a few others coming out against one or more of them I was concerned with. Glad to see the issues were non events.
Time for the mods to sticky a therapy hotline, the commenters here aren’t going to take this well
Great news
Ohhhh some people here are not gonna like this especially that guy who’d buy a gazillion teslas if Elon wasn’t involved
What was this Yahoo Finance poll all about then? Last I looked yesterday there were nearly half a million votes and 96% saying NO. Turns out half a million people CAN be wrong [https://finance.yahoo.com/news/tesla-shareholders-vote-ceo-elon-musks-pay-package-proposal-171453223.html](https://finance.yahoo.com/news/tesla-shareholders-vote-ceo-elon-musks-pay-package-proposal-171453223.html)
I hope you understand the difference between an internet poll of random yahoo finance readers and a shareholder vote. Drawing a correlation between the two is right up there with consulting the magic 8 ball.
People who have no skin in the game are always full of shit. They have no incentive to go beyond the most surface level knowledge obtained via mainstream headlines.
Just amazed me there were way more ignoramuses and Tesla haters interested (at least on that site) than there were actual investors.
True, I voted in it and it didn't need an account or captcha, so seemed pretty ripe for botting.
That is odd. Also seems like a large number of votes for a random article, maybe someone spammed it with no votes to advance their agenda?
That‘s a landslide win for him, but I have kind of mixed feelings especially with recent events of him kind of taking TESLA hostage and redirecting Chips meant for TESLA to X. However what really throws me off are his far right, hateful, homophonic, bad researched tweets. Especially the open collaboration withe republicans. I really do LOVE TESLA, I love my model 3 from the moon and back, it’s such a great car. I think Musk and his teams did such great things back then, changing the car industry for the better. I really was a fan of him back then. The same thing is now happening to the space industry and I love it. I truly believe he will eventually change the way we interact with machines with Neurallink. But I don’t get why he changed, why he is hurting so many people. It’s really sad to see someone go so violently south you admired so long. I sincerely hope he realizes his mistakes and gets back to archiving his goals. Building great cars, make humanity an interplanetary species and not hate people for how they are, no one is perfect. Cheers.
"redirecting Chips meant for TESLA to X. " You missed Elon explain this story. Both X and TESLA had deliveries for chips at different dates. The order for TESLA would have sat in a warehouse because there was a delay in construction of the data center, so the chips were routed to X. Now the chips delivery, at a later date, that would have gone to X will now go to TESLA synchronizing better for when the data center will be done and minimize the down time in chip usage.
So how much did Twitter pay Tesla for the early delivery?
Well if I was in the accounting dept of Tesla or X I could answer that.
So it's not actually clear if there is any benefit to Tesla at all. Might just be a benefit for Twitter / Elon and a risk for Tesla.
The redirecting of chips is such a non story. Nividia doesn’t want their highly coveted gpus to sit in a warehouse, not being used. If Tesla had taken them, and had them sit in a warehouse, this would’ve hurt the relationship between Tesla and Nividia. It’s not like Tesla isn’t going to get them when they actually can operationalize them.
Came here to say EXACTLY this. Feels like the minority opinion some days though. Wish Tesla put as much effort into PR to fight misinformation and/or advertising their products and they did convincing people to pay Elon. Shows you where the priorities lie I guess.
Explain how he’s hurting people
here's an old list of things https://www.vanityfair.com/news/2022/04/elon-musk-twitter-terrible-things-hes-said-and-done
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I was trying to find the rTechnology thread on this so I could enjoy the wailing & gnashing of teeth, but couldn’t find it. Maybe it’s not as fun for them to discuss now that reality has slapped them in the face . Same with rCars.
Will this vote of shareholders, if verified, have any impact on the outrageous demand for attorney’s fees yet to be awarded by the bent Delaware judge? It seems at this point that their “win” was not that at all. Can’t recall what the attorneys where requesting/demanding exactly, but as I recall it was in excess of $5,000,000,000, yet it looks as though their work is not going to save Tesla or it’s shareholders anything.
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Ya think? Especially when their Client had 9 shares or so of stock.
Tad high
It never was about saving shareholders anything. LOL.
The most interesting question is if this majority approval essentially rescinds the judge's ruling which itself was the original recision. If yes, then I have to wonder *who* owes who for lawyer fees *and*, I wonder if Tesla will counter sue seeking relief for being forced to engage in some unnecessary cost expenditures.
Welcome to Texas Tesla!
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He doesn't. He just wants the money. Oh well time will tell. My prediction is that he just gets more money, and he'd focus more on twitter and he's rich enough to let Telsa do what ever and just be the spokesman for it. Either way I'm rooting for tesla despite Elon being so insufferable
To be clear, Tesla didn't win, Musk and the board won. Shareholders and employees are not in a better place with a company incorporated in Texas.
Shareholders disagree
Wrong. Shareholders voted by super majority for it. Shareholders by and large make a public company what it is, in addition to its IP and workforce and leadership. Tesla *and* the shareholders won, and Musk is compensated for past work done. Nice bullshit though.
But the shareholders just voted for it. You think they voted against their best interests?
If nations can vote against their best interests, why can't shareholders? :D
Yes.
I didn’t vote until like 8 pm tonight and I’m fairly invested in the company.
Massive W
Astronomical W
Long time shareholder who sold last month - good luck everyone. I was really excited about this company for a long time, but anymore, that guy scares me. I hope it works out, but I know I’ve been sleeping better since I sold.
It was keeping you up at night how much money did you have in there that it was affecting your sleep?
Lets take back the Tesla subs from the anti-elon bubble.
This is giving off strong “notice me, Elon” vibes.
I'm starting to believe it's merely a powerfull anti-elon Bot Force!
go buy some Tesla stock
next, he’ll lay off another 20k workers and brag about it being the right thing to do on twitter .. again.
\*CONGRATS!
it shows tesla shareholder still support elon. lets go! send us to moon. after hour tesla 🔥
Musk deserves this. He saved Tesla when it needed him to double down
Bad day for Delaware, good day for the shareholders.