Delaware Democrats Endorse Primary Opponents to Billionaires Bill Supporters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy TSLA?
Source: CNBC
- Primary Opposition Support: The progressive wing of Delaware's Democratic Party endorses six candidates against incumbents who supported SB 21, aiming to promote policies more aligned with working-class interests, reflecting strong opposition to the billionaires bill.
- Billionaires Bill Impact: The SB 21 law, effective in 2025, alters how companies utilize independent directors and limits shareholders' access to records, potentially harming minority shareholders and leading to decisions favoring executives' personal interests.
- Musk's Influence: Elon Musk faced legal challenges regarding his record $56 billion pay package in Delaware, ultimately relocating Tesla's incorporation out of state, highlighting the state's vulnerability in attracting businesses and prompting lawmakers to reconsider related legislation.
- Political Shift: The divide within Delaware's Democratic Party over support for the billionaires bill has widened, with Governor Meyer asserting that the law changes were aimed at ensuring predictability and fairness in corporate law, reflecting the tension between business-friendly policies and workers' rights in the state.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 381.630
Low
25.28
Averages
401.93
High
600.00
Current: 381.630
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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