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Additionally, the plan envisions additional share increases should Elon meet certain operational milestones, scaling his ownership stake and potentially further aligning his interests with Tesla’s long-term success.
Shareholder Support and Market Reaction
The response from Tesla shareholders appears overwhelmingly positive. A poll indicates 87% plan support in the upcoming vote, reflecting strong confidence in the company’s future trajectory. Today’s market reaction was bullish; Tesla’s stock rose 3.6% amid broader declines in the S&P 500, partly driven by anticipations of Elon’s continued focus and Tesla’s strategic initiatives.