Tesla (TSLA) shares slipped nearly 1% overnight after President Trump pledged to protect CEO Elon Musk if he were targeted. Investor Alexandra Merz warned that a potential SpaceX merger could face a tough shareholder vote, since Tesla needs a majority of all 3.953 billion outstanding shares, or about 1.98 billion 'yes' votes. By her estimate, after counting roughly 700 million shares Musk could vote directly and about 500 million 'no' votes from investors following ISS or Glass Lewis, 65%–75% of the remaining votes would need to favor the deal, and 28%–37% of shares outside Musk's holdings went unvoted in past contests. On Stocktwits, message volume rose 476% over 24 hours and retail sentiment turned extremely bearish. The stock is down about 10% year to date, the weakest of the Magnificent Seven.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: TSLA Stock Slips Overnight: Trump Vows To Shield Musk — But Influencer Flags ‘Tougher Than Ever’ SpaceX Merger Vote
Read the original on Yahoo Finance ↗
Keywords
TSLAElon MuskSpaceXmergers and acquisitions
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/02/2026 | 403.82 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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