Bernstein says Tesla stock will take a hit as Musk pay package is unlikely to pass

Analyst Toni Sacconaghi said investors are underestimating the risk that Elon Musk's pay package is rejected.

Tesla shareholders are unlikely to pass Elon Musk's $56 billion pay package Thursday — which will pressure the company's stock on fears that the CEO could leave the electric vehicle maker — Bernstein told clients in a note Monday.

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