6 new stocks added last week by ProPicks AI are already up by 2.5%. Don't miss the momentum!Get 50% off

Elon Musk's leadership at stake: Time to sell Tesla?

Published 12/06/2024, 15:18
© Reuters.
TSLA
-

Investing.com - There are only a few hours left for Tesla (NASDAQ:TSLA) investors to decide the future salary of their CEO, Elon Musk, by voting for or against his annual remuneration package of $56 billion. Additionally, among the series of proposals to be voted on, is the relocation of the company's headquarters from Delaware to Texas. The results of these consultations will be announced at the annual shareholder meeting this Thursday, June 13.

According to Musk, 90% of retail shareholders have voted in favor of both resolutions. However, he faces resistance from institutional investors, including some of the largest pension funds in the United States, who have even described this compensation as "ridiculous."

The June 13 meeting also puts Musk's leadership at stake: if investors approve the payment, they would also reaffirm his control over Tesla, as the magnate would come to hold more than 22% of the company's shares, up from the current 12.9%. A rejection could even impact the stock price.

But if you are a Tesla investor or interested in becoming one and looking for the highest returns, you need to pay close attention to this: the most advanced Artificial Intelligence suggests it might be time to say goodbye to this stock... for now. This, if you want to design a portfolio where you see explosive gains every month, even higher than those delivered by the S&P 500 index with the largest companies on Wall Street.

If you are already a subscriber to InvestingPro, you knew before anyone else that in the June adjustment of the “Beat the S&P 500” ProPicks strategy, our Artificial Intelligence (AI) has selected Tesla as one of the 12 stocks to sell. And it's not surprising: during the month of May, Tesla shares accumulated a loss of 2.84%, and so far in June, the decline is already at 4.21%.

If you don't yet have your subscription to InvestingPro, you are missing out on great market opportunities. Don't wait any longer! Get your 1 or 2-year plan with a SPECTACULAR DISCOUNT by applying the MEJORPRO coupon now.

ProPicks strategies are AI-driven selections with the values that have the greatest potential to outperform the market benchmarks. Specifically, the “Beat the S&P 500” ProPicks comprises the 20 most profitable stocks that have everything to surpass this index.

Since the launch of ProPicks in October last year until the end of May, this strategy has delivered a return of 28.21%, doubling the 14.86% observed by the S&P 500 in the same period.

Through an analysis known as “backtesting,” it is possible to observe that in the period between January 1, 2013, and June 1, 2024, this set of values has delivered an explosive return of 1,052.6%, surpassing the S&P 500's return of 270% by 782.6%.

InvestingPro: UNIQUE OPPORTUNITY

To achieve the maximum potential of gains with this ProPicks strategy, it is necessary to know exactly which stocks the AI selects each month to sell, buy, and hold. If you are not an InvestingPro subscriber, you can become one here.

Within the "Beat the S&P 500" strategy, there are great stars with immense potential, including Nvidia (NASDAQ:NVDA) (NASDAQ), which executed its stock split on Friday at a ratio of 10 to 1, so investors now have the opportunity to buy the shares at around $120.

In fact, InvestingPro subscribers have known about Nvidia's great potential since November when ProPicks selected it as part of "Beat the S&P 500." During that period, its price went from around $420 to over $1,220 before the split.

But remember that one of the basic rules for reducing the risk of losses in investments is diversification of portfolios or, as the popular saying goes: "don't put all your eggs in one basket."

With this in mind, the ProPicks strategies will allow you to invest in the most powerful stocks, obtain returns far above the market average, and at the same time, have a diversified portfolio that will reduce risks in the event of a collapse.

Don't let losses catch you by surprise!

As an InvestingPro subscriber, you will get the ProPicks strategies, as well as the necessary tools to make the right investment decisions.

Your subscription gives you access to powerful data, including our exclusive InvestingPro Market Value, with which you will know the fair price of a stock and whether it is time to buy or sell it; or the ProTips of more than 120,000 values worldwide, which conclude very concretely the positive and negative aspects of the company from the analysis of a sea of financial data.

Unlock your full investor potential with InvestingPro! These premium tools will undoubtedly be your best allies as an investor, allowing you to achieve maximum profitability in the financial market. Don't believe us? Thousands of investors worldwide trust InvestingPro, where they get all the information, data, and analyses that have allowed them to ride the wave of stock market gains.

With the MEJORPRO coupon, you will get a spectacular discount on your subscription to our 1 and 2-year plans. Click here and redeem your coupon today!

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.