Stock Movers Take-Two Sinks on GTA Delay, Tesla Shareholders Approve Musk Pay Package, Expedia Rises
Nov 6, 2025
Carmen Reinecke, a Bloomberg News equities reporter and deputy team leader for U.S. equities, dives into the stock market dynamics this week. She discusses Take-Two's delayed release of Grand Theft Auto VI, which led to a sharp drop in shares despite beating earnings expectations. The conversation shifts to Tesla, where shareholders approved a staggering $1 trillion compensation package for Elon Musk, pushing the stock higher. Lastly, Reinecke highlights Expedia's positive outlook, signaling continued strength in travel as revenue projections rise.
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GTA VI Delay Overshadows Strong Earnings
- Take-Two delayed Grand Theft Auto VI to November 2026, which overshadowed earnings despite beats.
- The stock fell sharply as investors reacted to the postponement and uncertainty around release timing.
Tesla Shareholders Back Massive Musk Pay
- Tesla shareholders approved Elon Musk's $1 trillion compensation package and the vote was decisively in favor.
- The market reacted positively with shares rising in after-hours trading, reflecting investor approval of Musk's central role.
Market Likes Musk Focus, But Pay Hinges On Metrics
- Investors view Musk's focus on Tesla as a positive signal and expect him to meet performance metrics tied to the package.
- The compensation includes strict metrics over many years, so payouts depend on future performance.