$TSLA TOP 20
Added 2024-06-09 16:39:23 +0000 UTC$TSLA remains in a strong position here as the market awaits Elon's vote on his compensation package, which is due to take place on the 13th of June at the annual shareholder meeting.
Retail investors have apparently voted overwhelmingly in favour to award him with the package but apparently large funds are not too happy about this, notably the Norwegian Sovereign Fund, they likely believe that their own position will be diluted with this action.
On the chart, we have not seen any rally into this news but it may happen this week, it is certainly in a position to move higher and has held its 0.5 Fib and 50 Day MA perfectly well since the start of May, as has $NIO.
If Elon is awarded and the market thinks this is a positive move for $TSLA then there is a bounce here to the 200 Day MA at $210 on the cards.
